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Bankruptcy
: The Debt PodcastAre Debtors Dishonest?
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The alleged reasoning behind Congress? passing of BAPCPA was that too many debtors (and their lawyers) were dishonest. The thought was that these dishonest debtors needed to be forced to pay more back to their creditors.
Despite extensive studies showing that the pre-BAPCPA bankruptcy law worked pretty well in identifying and dealing with dishonest debtors, there [...]Full post as published by The Debt Podcast on December 29, 2008 (boomark / email).
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