No Safety Net

    

The government wants to make it more difficult for you to declare financial bankruptcy, no matter what the circumstances!

"Banks, credit card companies, and retailers have pushed since 1997 for a bill overhauling the bankruptcy laws. Consumer and civil rights groups and unions say the legislation is unfair to low-income working people, single mothers, minorities, and the elderly, and would remove a safety net for those who have lost their jobs or face mounting medical bills."

Democrats want amendments to protect people in certain circumstances -- such as military personnel or those facing large medical expenses.

» Boston.com / News / Nation / Washington / Fight looms over bill to toughen bankruptcy rules