Bankruptcy Bill Said to Hit Poorest Americans Hardest

March 12, 2005 | | OneWorld.net |
"Families are borrowing to make ends meet, and they're one missed paycheck away from collapse," said Tamara Draut, director of the economic opportunity program at Demos, a think tank.
 
Millions of Americans could be plunged into financial ruin if a bill giving credit card companies long-sought relief from unpaid loans gets final Congressional approval, a broad array of consumer protection, economic justice, and civil rights groups warned.