"Debtors Experience Hiding Cash"
Hey! Maybe that guy should meet the guy who writes this one:
"New Bankruptcy Will Discourage Entrepreneurs..."
Call it "corporate welfare" all you want, but you know what? I want bankruptcy laws even tougher than they'll be after this reform. That's right: Tougher. At this point, I don't much care how. I'm sick and f'n tired of the victim mentality so prevalent in this country. It is absolutely everywhere, and it is stifling. The whole schtick regarding "out of control, easy-money, predatory lending" has merit, and I'll gladly hold up a sign which says that crap needs to have some clamps slapped on it. But in the end, whether you signed up for that credit out of sheer ignorance, or lack of planning, or lack of any other viable options, or whatever ... well, it was YOUR choice regardless. YOU put yourself on the playing field. Now YOU get to play the game, and YOU get to play it by the lender's rules.
I'm still scanning through local bankruptcy cases online, and while random inquiries don't often pull up anything other than justifiable bankruptcies, I am seeing enough questionable stuff to make my blood pressure scoot up a notch or three. Let me tell you about the small-business owner who Chapter 7'd in April of last year, then apparently tried to hide from the court and her appointed trustee the $6,000 tax refund she received for 2003 . . ..
On second thought, no. I'm already pissed enough.