"54-Page Review: House Judiciary Democrats' Dissent From Bankruptcy Bill

Recently, Demos: A Network for Ideas and Action, released a study contradicting the assumptions of this bill's proponents. The Demos study showed how the amount of credit card debt per person has risen in the last 10 years. The study also showed how the increase in senior citizens filing for bankruptcy has been the greatest of any age group over the years.
Instead, by pressing legislation that is unbalanced and tilted toward specific special interest groups, the proponents of S. 256 have created a bill that would: impose monumental costs on the parties in the bankruptcy system, including the government; subject the "honest but unfortunate debtor" to coercion and loss of their legal rights; force businesses into unnecessary liquidation; and favor certain creditors over others.