Bush has no heart. He has sold us completly to the corporate world. Credit card companies have a bad debt avenue they have used for years then they sell bad debt they can't collect. After claiming a tax deduction it is sold to collectors for pennies on the dollar. Who then hound you and make a hefty profit. In most cases they collect the entire amount. Many times offer them less they will take it. They are still making profit. Then the impact on each individuals credit is haunting, and will keep you black listed for years after the wringer of collection companies and credit card companies. Also the collection companies I have found are the banks own established Entity. =============== http://start.earthlink.net/article/top?guid=20050415/425f3c40_3421_1334520050415-924857471 Bankruptcy Law to Produce Rush of Filings April 15, 2005 7:37 AM EDT WASHINGTON - A crucial deadline looms a half-year away for thousands of anxious Americans weighed down by credit card and other debt following congressional passage of a measure making it tougher to erase obligations in bankruptcy. Those with insufficient assets or income could still file a Chapter 7 bankruptcy, which, if approved by a judge, erases debts entirely after certain assets are forfeited. Those with income above the state's median income who can pay at least $6,000 over five years - $100 a month - would be forced into Chapter 13, where a judge would then order a repayment plan.