US Senate passes new bankruptcy bill
Saturday, March 12, 2005In a vote of 74-25 last Thursday, the US Senate passed a measure that would change bankruptcy laws, making it harder for individuals seeking relief from their debt burden to avoid repayment. Almost twenty Democrats joined Republicans, who currently hold a majority of the seats in the US Senate, in passing the bill. Lobbyists for credit card companies and financial services firms have worked for the bill during the last two administrations.Continue reading