The Congress has recently passe d prevention of failure of the Bank of abuse and the law on consumer protection, to minimize Friv Olous bankruptcy filings and to require the bank's borrowers to repay a portion of their debts. Once entered into force in October 2005, the law will make it harder to have debts with the problem of their debts wiped out by the courts. Most have to agree to a five-year plan for repayment. In passing this new law, members of Congress have suggested tha t our courts failed bankare cases in which ordinary citizens do not fill, but ruthless with players, buyers and drug addicts. And 'this really the case?
You might think, given the allegations that Ghestem high failure rate of the bank would be present in the Untied States, where such vices were common, such as California, New York or even Nevada. If your gambling problem is probably the cause of the failure of the bank so much, then you might assume would be ° a t b and Las VegasFailure of the world's banking capital. It is strange then to discover that Utah, one of only two states that prohibits gambling of all that, the highest per capita filings there INCIDENTAL bank failure in the United States. Utah? How can that be?
Las Vegas Nevada Bankruptcy Lawyer
The combination of large families, fewer workers per family, church and donations have helped low wages in an economic environment which makes it very difficult to stay afloat for many Utahnsfinancially. This is in direct contrast to the arguments put forward by Congress, if th e new Bank Bankruptcy Law was proposed, which means that most people Filin g for the insolvent bank has proposed simply irresponsible. For many people who work hard in Utah, the new law makes it more than ever to make ends meet.
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