From the A.P., “Bankruptcy Reform Close to OK in Congress“:
“Bankruptcy legislation that could make it impossible for thousands of people to wipe away their debts is nearing passage by Congress.”
Harder, yes; “impossible” no. Where do they get this stuff? Are they even trying for accuracy any more?
It goes on:
Between 30,000 and 210,000 people – from 3.5 percent to 20 percent of those who dissolve their debts in bankruptcy each year in exchange for forfeiting some assets – would be disqualified from doing so under the legislation, according to the American Bankruptcy Institute.
This reporter (Marcy Gordon) quite plainly has no clue what the bill actually does. I can’t even figure out what she thinks it does.
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