Fascinating story about how people are lining up to declare bankruptcy now in order to beat the new laws coming into effect very soon. I hope the people who are in those lines are declaring bankruptcy for good reasons; i.e. family medical costs, family emergencies, etc. I really hope people who have splurged on fine wines, dinners and clothing are not declaring bankruptcy. Racking up credit card bills in order to maintain a lofty lifestyle is not what bankruptcy courts are for.
NY Times: Bankruptcy in the US is going to get harder.
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