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NVMojo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-03-05 07:22 PM
Original message
Rush to bankruptcy
WASHINGTON -- Jim, a 53-year-old physician's assistant and Las Vegas transplant from Cleveland, made a decent salary and never dreamed he'd go broke.

But after a long layoff from work and an injury that kept his wife from being able to keep her nursing job, the couple had racked up $60,000 on three credit cards.

Jim, feeling embarrassed and defeated, last month reluctantly joined the masses who have swarmed Las Vegas bankruptcy court since April, when President Bush signed a law that will make it harder to file personal bankruptcy and erase debts.

The law takes effect Oct. 17, and courts nationwide have been swamped with people teetering on the brink of financial ruin rushing to meet the deadline.

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bluestateguy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-03-05 07:26 PM
Response to Original message
1. One last fuck off to the credit card companies
Declare away, folks....
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Bush_Eats_Beef Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-03-05 07:56 PM
Response to Reply #1
4. I hope there is a frigging Biblical PLAGUE of filings...
I use my Visa card to pay for things I have to purchase on a monthly Blue Cross insurance, since I'm self-employed. If you pay by check, Blue Cross requires you to pay for two months in advance. For me, that would be $930...

So FUCK the credit card companies, FUCK George W. Bush, FUCK Joe Biden and every "Democrat" piece of shit that voted for the bankruptcy bill.

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Cassandra Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-03-05 08:19 PM
Response to Reply #4
5. Blue Cross in NY takes my check...
only one month in advance, and I pay just over $500 a month.
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NewInNewJ. Donating Member (540 posts) Send PM | Profile | Ignore Mon Oct-03-05 07:54 PM
Response to Original message
2. You know,
we could be one month from bankruptcy. My husband is waiting from word from his company about new developments in the company. This could very easily be us. I told him this evening, to please let his boss know that we need news about the condition of the company before Oct. 17th. Who knows from day to day what is up? I hate this kind of insecurity. Have live this life for 30 years in clothing manufacturing industry. For 3 yrs. we are in Mexico, then transfer to Guatemala for 3 yrs. Company goes under and we have to find, now they don't know what is the next move. I hate it. No security. I try to help as house cleaner, but could never compensate for his income. It is just like living in limbo.
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liberalhistorian Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-03-05 08:47 PM
Response to Reply #2
I mean it, because you'll be in a helluva lot hotter water if you don't file and you find out AFTER the 17th that you need to! It'll pretty much be the post-modern version of indentured servitude.

I'm a paralegal who's done a lot of bankruptcy/debt work and I know the Fair Debt Collection Act, the bankruptcy laws (old and the newer ones) and the Fair Credit Reporting Act up and down, inside and out. I'm helping people with bankruptcy filings and debt-related situations now, so PM me if you need help or have any questions. And that goes for everyone else, too.
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Dark Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-03-05 07:55 PM
Response to Original message
3. I thought you meant Rush Limbaugh was declaring Bankruptcy.
Silly me. Still, I can hope.
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AzDar Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-03-05 08:41 PM
Response to Original message
6. I am still convinced the majority of the population knows NOTHING
of this "reform"...everytime I mention it to someone, they are astonished that this is going to happen; some have outright not believed me.
When those who only rely on the corporate media for their news actually realize how SCREWED this legislation is,I believe hell will come to breakfast..(as my Grandma used to say).
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medeak Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-03-05 09:01 PM
Response to Original message
8. screw Reid!
His office won't answer my emails since I went ballistic on him voting this friggin credit card bill...

Friggin getting $ from city bank....he sold us out.
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