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Reply #59: In part the new bankruptcy law is involved here [View All]

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Lone_Star_Dem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-25-06 08:57 AM
Response to Reply #44
59. In part the new bankruptcy law is involved here
Before if a person was overextended and near filing they couldn't get more credit. Now with it being so much harder to file and write off your bad debt, unscrupulous lenders now have a higher chance of a piece of your pie during settlement. It appears if you have a crap product that won't sell it's a smaller risk than just sitting on it in this case.



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