Bankruptcy Laws May Get Tougher

Senate Republicans are ready to make it more difficult to use bankruptcy laws to erase debt

Americans who are buried in bills would find it tougher to wipe away debt by filing for bankruptcy under legislation on the cusp of clearing the Senate.

After nine years of failed attempts to rewrite the nation’s bankruptcy laws by making it harder for people to escape their debts, Senate Republican leaders confidently predict they now will succeed, citing their new majority of 55 Republicans, 44 Democrats and one independent.
Houston Chronicle