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Article: Menace lurking in the bankruptcy bill.(COMMENTARY)
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- September 10, 2002
CopyrightCOPYRIGHT 2002 News World Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Joseph R. Pitts, SPECIAL TO THE WASHINGTON TIMES
There is something terribly wrong with America's bankruptcy laws. Despite two of the longest economic expansions in history, consumer bankruptcies have nearly quadrupled since the early 1980s. There is no consensus on why this has happened, but it seems clear that bankruptcy is increasingly being used as a convenient tool for those who want to escape their debt burdens.
After years of hard work, House and Senate negotiators have finally produced a bill that would reform America's dysfunctional bankruptcy system. But I can't support it.
Tucked away in the text of this otherwise good bill is ...