Credit Card Companies Crabby
In this article on MSN Money, we learn that the credit card companies who bribed their evil harder-to-declare-bankruptcy legislation into being, are getting pummelled by last-minute filers.
In the two weeks before the law took effect, 500,000 bankruptcy cases were filed, as compared to the normal weekly average of 30-35,000 cases. And according to the article, a very high percentage of the people who file for bankruptcy will be eligible for a debt wipeout instead of the repayment plans the legislation was trying to enforce. So their plan so far has backfired.
Special holiday message to credit card companies: Ha-ha, and fuck you.
In the two weeks before the law took effect, 500,000 bankruptcy cases were filed, as compared to the normal weekly average of 30-35,000 cases. And according to the article, a very high percentage of the people who file for bankruptcy will be eligible for a debt wipeout instead of the repayment plans the legislation was trying to enforce. So their plan so far has backfired.
Special holiday message to credit card companies: Ha-ha, and fuck you.

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