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Hi All,
In the mad rush that Congress had to approve a bunch of bills before the election, they decided NOT to approve the changes to BK law that the credit card companies lobbied hard for. I don't know for how long the laws will remain as they are, but changes are coming for sure.
Cisco
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Hey Cisco,
What kinds of changes are they trying to get.
I just filed and am a little nervous, just went to my meeting of the creditors, now it's just a waiting game.
but i was curious about what the credit card companies were trying to do in Congress.
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Some stuff like making BK harder to declare, force some people into paying their CC debt, regardless of their situation, freezing other assets such as 401K, roth IRAs, etc... The problem is not on the intention, but in the balance, all these CC lobbyists are pushing for stricter rules, but no one speaks about the debtor's point of view.
Scary, huh?
Ciscokidnmemphis
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but no one speaks about the debtor's point of view.
That's cause us debtors don't have any money. However, no matter how broke you are, you can still vote. (Unless you are an 80 year old from Palm Beach who can't read).
