Re: Bankruptcy Filings Soar Due To New Law
While I don't want to see bankruptcy filings abused as an "extension" of credit, a huge proportion of bankruptcy is generated by those confronted with untenable medical fees. CNN's "Lou Dobbs Tonight" featured a story about a woman who had no health insurance during a three-day window between jobs. During those 72 hours, her son had a seizure. The ensuing medical bills amounted to $30,000+. She was forced to declare bankruptcy.
Although the economy would benefit from a tighter reign on bankruptcy, I believe judges should weigh the merits of each case individually.
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