XPost: alt.fan.barbra.streisand, alt.fan.j-garofalo, alt.fan.julia-roberts   
   XPost: alt.politics.democrats   
   From: george4you@N0SPAM.C0M   
      
   On 3 Mar 2005 17:21:42 -0800, "Leland Milton Goldblatt , PhD."   
    wrote:   
      
   >The first would have allowed people to keep at least $150,000 of the   
   >equity in their primary residence. If, in addition, the medical bills   
   >exceed 25 percent of the person's income, the second proposal would   
   >have exempted them from a new test in the legislation measuring income   
   >and assets of bankruptcy applicants to determine if debts can be   
   >discharged.   
   >   
   >Under unlimited homestead exemptions in a half-dozen states, "fat cats   
   >who go into bankruptcy don't lose their mansions," said Sen. Edward M.   
   >Kennedy, D-Mass., author of the twin amendments. "Where is fairness in   
   >this bill?"   
   >   
   >By another 59-40 tally, the Senate defeated a Democratic proposal to   
   >require that credit card statements show how long it would take the   
   >consumer to pay off his or her debt by making only the minimum monthly   
   >payment, and what the total interest charges would be.   
   >Bankruptcy judges and trustees overseeing consumer bankruptcy cases do   
   >exactly what they are supposed to do. They ferret out those who cheat   
   >the system. They make consumers with financial resources pay back their   
   >creditors. For example, when consumers file for Chapter 7 bankruptcy   
   >and can clearly pay something, the courts have the authority to switch   
   >those people to Chapter 13.   
   >   
   >The truth is, many people are just a paycheck, job loss or uncovered   
   >medical catastrophe away from bankruptcy.   
   >   
   >And the fastest-growing group of bankruptcy filers is older Americans,   
   >according to bankruptcy and commercial law professors.   
   >   
   >The bankruptcy filing rate reveals holes in the Medicare and Social   
   >Security systems, as seniors and aging members of the baby-boom   
   >generation declare bankruptcy to deal with prescription drug bills,   
   >co-pays, medical supplies, long-term care, and job loss.   
   >   
   >However, recent Senate hearings found some disturbing problems in the   
   >credit-counseling industry, as a group of bankruptcy and commercial law   
   >professors pointed out in a letter to Sens. Arlen Specter (R-Pa.),   
   >chairman of the Judiciary Committee, and Patrick J. Leahy (D-Vt.), the   
   >ranking minority member.   
   >   
   >Sens. Arlen Specter (R-Pa.) is reportedly suffering from erarly version   
   >of AIDS from his apparents visits to Jeff Gannon aka Johnny Gosch's   
   >Escort Serrvice.   
   >   
   >How can anyone support these rotten thugs?   
   >   
   >Shalom,   
   >---Prof. Leland Milton Goldblatt, Ph.D.   
   >Reverend Chancellor Leland Milton Goldblatt Ph.D. ED.D. M.F.A, D.Div.   
   >M.Theo .   
   >http://www.prof.faithweb.com   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)