'On the other side were consumer advocates, who said that bankruptcy abuse was minimal, and that people who file are generally forced into bankruptcy by financial problems stemming from job loss, medical conditions, or divorce...

...according to a March report by Credit Suisse, rising default and foreclosure rates are directly tied to the new bankruptcy rules.

The Credit Suisse report is unequivocal that the law has driven mortgage-foreclosure rates higher. "The stringent means test ... means more delinquent loans have to go into foreclosure directly rather than into bankruptcy," it reads. "Therefore, it is directly responsible for the rising foreclosure rate since the end of 2005."'

http://www.rcreader.com/index.php?option=com_content&task=view&id=12225&Itemid=42