New Bankruptcy Law Will Not Protect You From Identity Theft

Topics:
Bankruptcies,
Commercial Lending
Tags:
Bankruptcy,
Business Operations,
Identity Theft,
Litigation,
Pointshop
Source:
Pointshop

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Overview: Passed by Congress with overwhelming support, the oddly-named Bankruptcy Abuse Prevention and Consumer Protection Act was designed to eliminate "Bankruptcy of convenience." The perceived problem is that many compulsive gamblers, shoppers and drug users often run up huge debts on easily available credit cards with no intention of paying their bills. A relatively easy bankruptcy filing through Chapter 7 of the Federal bankruptcy code wipes all the debts clean and gives the debtor a fresh start.

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