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Bankruptcy

: The Debt Podcast

The Means Test: Increasing Punishment for Consumers as the Economy Declines?

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The bankruptcy means test could be a new source of pain for consumers as the recession deepens.  The 2005 Congress tied everyone together in a community and, perversely, elected to punish consumers who live in the hardest-hit communities more. In a nutshell, BAPCPA dictates that consumers with average income over the prior six-months which is greater [...]

Full post as published by The Debt Podcast on January 28, 2009 (boomark / email).

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