Bankruptcy, Foreclosure and the Credit Crisis
October 10, 2008
Op-Ed Contributor
Fight for the Family Home
October 10, 2008
Op-Ed Contributor
Fight for the Family Home
In the following new article in the Wall Street Journal, Jane J. Kim describes the recent court ruling in California requiring credit bureaus to remove debts incurred before the filing of a chapter 7 bankruptcy. Up to the present time, debtors have had to rely on creditors to remove the debts after a bankruptcy filing. Hopefully, Bankruptcy Courts in both Oregon and Washington will quickly follow suit. So that the burden of credit report cleanup can be placed firmly on the credit bureaus
The following article by John Greenya provides a frightening overview of the greed and incompetence which produced the enactment of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 on the eve of its three year anniversary.