The Mudcat Café TM
Thread #110935   Message #2332415
Posted By: JohnInKansas
04-May-08 - 02:25 AM
Thread Name: BS: Credit Card Blues
Subject: RE: BS: Credit Card Blues
Joe O -

The statement on exclusion of credit card debt was, as I recall, included in a Forbes magazine (a usually reliable source) summary of the latest "Reform Act" that had just been passed by both houses of Congress. There were other reports, from comparable sources at the time, confirming the changes in general but with discussion of different aspects of the law changes.

I have a "deep search" of my own files running now (it will take a couple of hours), but it may have been just before I added another hard drive so I could keep track of some of this kind of info I was finding.

Two separate kinds of bills were passed during the previous (Republican controlled) Congress - a major and very general revision of the Bankruptcy statutes, and a more general "Credit Reform Act." The provision exempting credit card debt from relief via bankruptcy might have been in either of these, but was quite specifically described in the articles at the time.

John