"Going really OT here I would say that the real solution to the perceived bankruptcy problem (like the credit card companies are really hurting that badly) would be for the credit industry to stop issuing as much credit and encouraging the culture of living beyond your means that has invaded this country on every level (look at the Federal budget). As it stands right now they will continue to issue you credit until you owe so much money that you'll be paying the interest for the rest of your life. It's legalized loan sharking and that's the real source of the problem.
But that's just my humble opinion"
And I agree:)
I do think means testing will cause pretty big changes, at least in my district. That 6 month average is tempered (to a sharp edge) by the way they track income even after discharge; you get a raise, or just a job, and you get thrown back in, and probably in a five year Ch 13.
Thanks to BAPCA I'm an ex "debt relief agent":p, but the provision you quote only applies to judgments for securities fraud. This stems from the S&L crash days.
Butfor the exceptions noted one post above, judgments can in fact be discharged. Until Oct 17th, and then all the new shit hits the fan.
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"Going really OT here I would say that the real solution to the perceived bankruptcy problem (like the credit card companies are really hurting that badly) would be for the credit industry to stop issuing as much credit and encouraging the culture of living beyond your means that has invaded this country on every level (look at the Federal budget). As it stands right now they will continue to issue you credit until you owe so much money that you'll be paying the interest for the rest of your life. It's legalized loan sharking and that's the real source of the problem. But that's just my humble opinion" And I agree :)
I do think means testing will cause pretty big changes, at least in my district. That 6 month average is tempered (to a sharp edge) by the way they track income even after discharge; you get a raise, or just a job, and you get thrown back in, and probably in a five year Ch 13.
Thanks to BAPCA I'm an ex "debt relief agent" :p, but the provision you quote only applies to judgments for securities fraud. This stems from the S&L crash days.
Butfor the exceptions noted one post above, judgments can in fact be discharged. Until Oct 17th, and then all the new shit hits the fan.