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Posted On: 02/06/2016 1:00:47 PM
Post# of 65629
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Posted By: OMO
Bankruptcy? It's called hypocrisy to the one that ignored me. It seems that individuals do not even know what theie own beliefs are in relation to who they support.

President Obama:

"Obama administration backs a legislative effort to make it easier for private student loans to be discharged in bankruptcy, a change long sought by consumer and student advocates".

https://www.insidehighered.com/news/2015/10/0...dent-loans

President Bush:

Quote:
BREAKING DOWN 'Bankruptcy Abuse Prevention And Consumer Protection Act - BAPCPA'

Essentially, the purpose of the act was to make it more difficult to qualify for chapter 7 bankruptcy by more closely examining the filer's ability to repay their debts. The means test compares the debtor's monthly income to the median income in his or her state of residence and provides an allowance for assumed monthly expenses, at rates determined by the IRS, as well as an allowance for actual monthly expenses. If the individual exceeds the median income and has too much money left over after accounting for living expenses, he or she will usually not qualify for chapter 7 bankruptcy.



http://www.investopedia.com/terms/b/bapcpa.asp



Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA

Clinton:

http://www.dailykos.com/story/2015/9/22/14238...ll-Edition

Look who voted in 2005:

https://www.congress.gov/bill/109th-congress/senate-bill/256

Senate:

http://www.senate.gov/legislative/LIS/roll_ca...vote=00044

House:

http://clerk.house.gov/evs/2005/roll108.xml

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