[lbo-talk] bankruptcy

Yoshie Furuhashi furuhashi.1 at osu.edu
Thu Mar 10 20:35:22 PST 2005



>>If you've got a credit card problem (and live in the USA), think
>>very seriously about filing - NOW.
>
>Right now? As in... next week? When do these things kick in?
>
>-- DRR

The House will pass the bankruptcy bill in April, and the President will sign it into law immediately, and then it will take effect six months after enactment.

<blockquote>The bill would take effect six months after it's signed into law. That would likely spur a spike in bankruptcy filings as individuals scramble to file for Chapter 7 before the restrictions take effect, says Sam Gerdano, executive director of the American Bankruptcy Institute.

"Ironically, for a bill designed to reduce consumer bankruptcy filings, it will increase them," at least in the short term, Gerdano says.

<http://www.usatoday.com/money/companies/2005-03-09-bankruptcy-usat_x.htm></blockquote>

That's the window of opportunity, but you had better begin now. -- Yoshie

* Critical Montages: <http://montages.blogspot.com/> * Greens for Nader: <http://greensfornader.net/> * Bring Them Home Now! <http://www.bringthemhomenow.org/> * OSU-GESO: <http://www.osu-geso.org/> * Calendars of Events in Columbus: <http://sif.org.ohio-state.edu/calendar.html>, <http://www.freepress.org/calendar.php>, & <http://www.cpanews.org/> * Student International Forum: <http://sif.org.ohio-state.edu/> * Committee for Justice in Palestine: <http://www.osudivest.org/> * Al-Awda-Ohio: <http://groups.yahoo.com/group/Al-Awda-Ohio> * Solidarity: <http://www.solidarity-us.org/>



More information about the lbo-talk mailing list