Quote:
Originally posted by taxwonk
It places limits on who can file for chapter 7. If you have the ability to pay a certain amount over time, you are forced to file a ch. 13. It also makes more debt non-dischargeable in other ways. Incidentally, it does nothing to limit the ability of corporations to file for a ch. 11 reorganization, screw their shareholders, pensioners, and employees, then walk out of court with a nice clean balance sheet.
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In addition, the Dems proferred amendments that would have amended the bill to exempt veterans, active-duty troops, senior citizens and families facing unexpected medical bills, but these were rejected.
I myself certainly don't give any credence to any reports that the votes on the amendments were accompanied by laughter, hoots and/or catcalls from the Republican side of the Senate.
