Bankrupcy Bill Passes...thoughts?

[shmitty]

I only have one thing to say. I have no idea what it is like to be bankrupt, I have very little debt and I really don't know how this law will effect people who legitematly need to file. However, I do know that it is really easy to file currently and I know people who were intentionally going to use that to their advantage. One of my coworkers was planning on getting as many loans and credit cards as possible, buy a house and whatever else he wanted, put himself into complete and utter debt, and then file for bankruptcy. He was then going to wait the amount of time needed for it to leave his record and start over. Maybe the laws do need to be tightened. I don't know for sure, but I do know that it's easy to abuse the way it is now. Just like welfare.