Democrats Ponder Changing the 2005 Bankruptcy Law as Bankruptcies SpikeSomervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


 

Democrats Ponder Changing the 2005 Bankruptcy Law as Bankruptcies Spike
 


7 January 2008 at 11:19:43 AM
salon

While Dodd's White House hopes ended after the Iowa caucuses on Thursday night, his voice still carries plenty of clout on Capitol Hill. As chairman of the Senate Banking Committee, he has ignited a feud with the financial services industry by proposing to give bankruptcy judges more leeway in how they treat home mortgages. And Dodd has lined up support from more than a dozen senators for a bill that would tighten predatory lending practices, which are blamed for driving thousands into foreclosure.

Business groups have no interest in reopening the 2005 bankruptcy bill, one of the first major achievements of Bush's second term, which passed when Republicans controlled Congress. But Dodd calls it "one of the worst pieces of legislation ever passed."

Yup. I remember the kiss to business by the Republicans. And also, Chet Edwards.

More than 801,000 personal bankruptcy filings were made last year, compared with more than 573,000 in 2006, according to statistics collected by the National Bankruptcy Research Center and released by the American Bankruptcy Institute (ABI) on Thursday.

"The roughly 40 percent spike in consumer bankruptcies during 2007 presages even higher filings this year, as the heavy consumer debt load is made worse by the home mortgage crisis," said ABI Executive Director Samuel Gerdano.


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Comments

salon > Quick update on this, via Pacer-Click on pic to see larger (Turk Case Update- Telephone Conference Hearing Set for March 8 2019 )

salon > Lance Been awhile. Send me an email at salon@glenrose.net with the names of who you're talking about, above. Also, the newspaper editor is no longer local, ie officed here, but the paper is run.... (What Happened to Jerry Jacene? )

LanceHall > I'd love to see the Hotel Guest books and see if Jacene's name shows up long before he officially *found* the tracks.  I'd like to know if the Visitor's Bureau has emails wit.... (What Happened to Jerry Jacene? )

LanceHall > I see the land or that part of it is now in the hands of Glen Rose's own Corky Underwood. Is Jacene still involved?   I had already informed the Visitor Bureau manager (who's.... (What Happened to Jerry Jacene? )








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