Friday, April 13, 2007

Reform Bankruptcy Reform?

Representing a creditor at the time the bankruptcy reform act was finally passed into law I saw its need to curb the abuse of the system. Now it has bitten those who truly need it to save their home in the butt and special interest groups are again calling for reform. Read on Ironically I had touched on bankruptcy reform being an obstacle for consumers in dire straits back in August in my comments left on another local blog re:PDX. With all of this said I feel that lenders (predatory or not) are going to have no choice but to become more familiar with work-out loans.