] The bill would make it much harder for families in
] distress to write off their debts and make a fresh start.
] Instead, many debtors would find themselves on an endless
] treadmill of payments.
]
] The credit card companies say this is needed because
] people have been abusing the bankruptcy law, borrowing
] irresponsibly and walking away from debts. The facts say
] otherwise.
]
] A vast majority of personal bankruptcies in the United
] States are the result of severe misfortune. One recent
] study found that more than half of bankruptcies are the
] result of medical emergencies. The rest are
] overwhelmingly the result either of job loss or of
] divorce.

Paul Krugman was on the daily show railing about this bankruptcy bill, which we feels has not received adequate press coverage.

The State | 03/09/2005 | Bankruptcy bill another blow to safety net