Bankruptcy? It's called hypocrisy to the one that
Post# of 65629
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