Proposed Law on Bankruptcy Has Loophole ….

Proposed Law on Bankruptcy Has Loophole ….:
Proposed Law on Bankruptcy Has Loophole. A proposed law being debated by the Senate leaves open a loophole that lets wealthy people protect assets from creditors even after filing for bankruptcy. By GRETCHEN MORGENSON. [NYT > Business]

I feel so much better now that I know the wealthy will be protected from adverse effects of the bankruptcy bill! As long as only middle class and poor people can be hurt, and banks, credit card companies, and the rich are protected, I guess it’s a good thing. Yeesh.

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it is like people don’t know that others care that they game the system….. or worse, that they don’t care.

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