Heric just explained a bit of the new bankruptcy law in (sub prime thread)

With a record number of foreclosures people will be falling into the newly created black hole of the BRAND NEW bankruptcy law.

I don't know enough about it but it sounds horrid.




I predicted 5 years ago that the jewel in Crown of the great Republican Heist , after taking away welfare, pensions, social securty, and stock market investments (billionaire hedge funds exempt) would be stealing people's homes in a great flood of foreclosures.

In another 5 years Banks will be so house property rich that its possible they may suffer because of it. I hope they choke on it.

Hmm, people might just need to move to Mexico and Canada   8*p