Roll back the bankruptcy Code to pre-2005 levels to help consumers. Institute mortgage and student loan protections to the Bankruptcy Code.
Why is this important?
As a former Consumer Law attorney, I have seen the travesty that the 2005 Bankruptcy Code amendments have caused to consumers. Businesses screw up and they get bailed out. Consumers make bad decisions, or worse, get harmed by businesses, and the laws penalize them. It is time to have a serious debate and restore bankruptcy protections.
