• February 6, 2006

Texas Judge Denounces New Bankruptcy Law

Texas Judge Denounces New Bankruptcy Law

I received this email from my colleague Doug Henwood last week:

A bankruptcy judge in Texas, by all accounts a sober and respected fellow, wrote the attached opinion, denouncing the new bankruptcy law. As he puts it: Congress wasn’t interested in theopinions of any experts in the field, because it had its own agenda, "to make more money off the backs of consumers." He also says that to call the Act a "consumer protection" Act is the "grossest ofmisnomers," and declared that "no rational human being could make a cogent argument" in the law’s favor. Wow. Check it out.