Reader Comments:

    I thoroughly agree with you about the proposed new bankruptcy laws. The cost of bad debt is built into the business model – esentially, credit companies (and those that offer credit, like department stores) already charge their paying customers enough to cover losses from non-payers. OK, I think it is silly that a Ken Lay can declare bankruptcy and keep a multi-million dollar house, but it also means Joe Sixpack can keep his ninety-grand house – but under the new rules, Joe will have to sell his house to pay for bankruptcy proceedings.

    John Anderson