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According to proponents� standard account, current law is lax in coaxing debt repayment from individual bankruptcy filers and has encouraged irresponsibility. Thus, say the proponents, the bankruptcy system should means test higher income Chapter 7 filers who have overspent to determine if they should be required to repay debts in a Chapter 13 payment plan. This common assertion does not justify the enactment of the existing bankruptcy bill or even accurately describe what is an immensely complex bill.
November 17, 2003 at 12:00 AM
1 minute read
The original version of this story was published on National Law Journal
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