Safeguard Family Bankruptcy Protection

March 01, 2005

Congress will soon vote on a new bill called the Bankruptcy Abuse Prevention and Consumer Protection Act . It's being spun as a way to reform an overly lenient bankruptcy system. But instead, it will just hurt the most vulnerable of our society—seniors, people with medical problems, single parents raising kids. The main provision of the act would force those applying for bankruptcy into five-year repayment plans—hardly possible for people who don't have any cash to start with and have already paid thousands in interests and fees trying to stay out of bankruptcy. In fact, all the act would really do is make it harder for people suffering from crises like job loss or catastrophic illness to start over. Join DEMOS and tell your representative that Congress should spend its time addressing the causes of bankruptcy—like a stagnant economy and soaring health care costs—instead of trying to punish those already stuck.  ACT NOW