More than 1 million U.S. households declared bankruptcy in 2004. Alarmed by rising defaults, the nation's lenders and political leaders alike set out to reform laws that clear away debt. To some, reforming these laws will put a lid on irresponsible consumer spending sprees. But some consumer advocates argue that banks and credit card issuers have only themselves to blame for marketing and supplying ill-advised loans. Is this political action timely consumer protection or an unwarranted corporate bailout? Bankruptcy Law covers these issues and more, examining each from different perspectives.
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Recent Reforms Help Prevent Abuse of Bankruptcy Laws
Recent Reforms Delay the Debtors Fresh Start
Mandatory Credit Counseling Benefits Consumers and Lenders
Consumer Credit Counseling Is Counterproductive and Subject to Fraud
Bankruptcy Laws Allow People to Rebuild Their Finances Responsibly
Bankruptcy Reforms Do Not Solve the Real Problem for Millions of Americans
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