not since the bankruptcy act which does not allow you to declare bankruptcy and get out of your credit card debt from doing so. so, you're still on the hook for those credit cards, even if most of the rest of your debt is erased (or close to it). not only are you still liable for credit cards, but in some cases, your credit card debt takes precedent over things like child support/alimony. i would hardly call consumer bankruptcy a bailout, but i guess it's probably the closest thing the average person has...
Much of what you said is simply not true. You absolutely can walk away from credit card debt, mortgage debt, IRS debt, etc...
The different in the 05 laws is you could not abuse the system as much as it was before. Prior to 05 I could wrack up 20k in credit card debt a short time before I filed, and walk away from it all. That's just bad policy.
Under the new law I have to pay back any major purchases made within the last 90 days before filing. If it is an extremely large purchase, i.e. 100k cash loan 6 months out, you will get challenged on it and might have to pay it back.
Bankruptcy is the bailout solution for many consumers.
bailout implies that the government is taking special measures to ensure your solvency. this is (i think) what the guy was pissed off about, that the government will bend over backwards to help big business, but do mostly nothing for the people. any entity can declare bankruptcy, it's not like it's a special situation that individual consumers have over corporations. in fact, it's the opposite, because consumers only really have two choices for bankruptcy, compared to roughly a dozen different ways for a corporation.
also, considering that before and after the rewriting of the consumer bankruptcy laws the majority of filings were for overwhelming medical expenses, i'm still not convinced that (a) the system was truly being abused that badly and (b) requiring most of your credit card debt to take precedence over other debt is showing responsibility.
"The RIAA has shown a certain disregard for the creative people of the industry in their eagerness to protect the revenues of the record companies." -- Frank Zappa
"That's the trouble with political jokes in this country... they get elected!" -- Dave Lippman
"That's the trouble with political jokes in this country... they get elected!" -- Dave Lippman
Plane Crash Suspect's Online Diatribe
- 18/02/2010 08:50:36 PM
1085 Views
Definately not to start a fight about anything regarding anything....
- 18/02/2010 11:05:50 PM
703 Views
We'll never know his ultimate motivation for sure but I suspect he would take great pleasure in...
- 19/02/2010 12:47:22 AM
620 Views
He made his motivation chillingly clear.
- 19/02/2010 03:22:28 AM
543 Views
It's a growing sentiment in TX and other "red" states....
- 19/02/2010 04:03:00 AM
556 Views
Ya'll realize dude ended his suicide note by quoting Marx, right?
- 19/02/2010 04:42:01 AM
734 Views
I had to drive by there yesterday...
- 19/02/2010 03:17:42 AM
520 Views
I have to respond.
- 19/02/2010 04:38:40 AM
820 Views
one point
- 19/02/2010 05:30:46 AM
613 Views
With subsidies and tax breaks some pay negative taxes despite healthy profits.
- 19/02/2010 05:52:40 AM
477 Views
Re: one point
- 19/02/2010 06:07:42 AM
516 Views
bankruptcy is hardly a bailout
- 19/02/2010 06:48:02 AM
504 Views
Re: bankruptcy is hardly a bailout
- 19/02/2010 07:13:04 AM
509 Views
i'm still not convinced
- 19/02/2010 03:12:03 PM
672 Views
besides...
- 20/02/2010 12:58:55 AM
641 Views
A LOT of things are different depending on whether a corporation or human being does them.
- 23/02/2010 11:41:15 PM
517 Views
Welcome to the fray. 
- 19/02/2010 05:49:08 AM
626 Views
- 19/02/2010 05:49:08 AM
626 Views
Not to endorse Joel's love declaration to socialism, but you're not exactly one to talk re: strawmen
- 19/02/2010 04:21:50 PM
650 Views
There is a huge difference between greed and motivation, drive, and ingenuity.
- 20/02/2010 01:07:12 AM
521 Views
Then fucking go already, and stop trying to impose this dream society on the rest of us
- 19/02/2010 02:21:30 PM
720 Views
When you work for the IRS you take your chances.
- 19/02/2010 02:23:00 PM
589 Views
are you fucking kidding me?
- 19/02/2010 02:34:11 PM
554 Views
Yes, because you are so easy, and I am out of shoe-throwing range.
- 19/02/2010 02:46:27 PM
617 Views
Re: Yes, because you are so easy, and I am out of shoe-throwing range.
- 19/02/2010 03:00:56 PM
562 Views
are you real person?
- 22/02/2010 04:40:28 PM
585 Views
It can be hard to tell.
- 23/02/2010 11:09:51 PM
545 Views
So I guess that makes it 80-1 for the month of February.
- 19/02/2010 08:42:15 PM
661 Views
As charming as ever I see. *NM*
- 20/02/2010 01:08:22 AM
237 Views
Look, I think Dragonsoul take the Muslim thing too far occasionally
- 20/02/2010 05:40:58 AM
569 Views
Weak is all hes got.
- 20/02/2010 08:36:27 AM
528 Views
I've noticed that while everynametaken is a quality poster...
- 20/02/2010 10:14:09 PM
577 Views
I find that he tends to do it when he wants to argue a cause...
- 20/02/2010 10:16:50 PM
549 Views
I don't bother with you because you don't actually want to hear what I or anyone else has to say.
- 21/02/2010 12:37:40 AM
559 Views
In denial much?
- 21/02/2010 01:38:31 AM
676 Views
Again, if you think thereligionofpeace.com is a serious source then you are simply sad.
- 22/02/2010 01:06:55 AM
668 Views
Is it?
- 20/02/2010 10:26:16 PM
555 Views
Exactly. Besides that I don't take his source as a source at all.
- 21/02/2010 12:21:15 AM
557 Views
Well that's quite selective.
- 21/02/2010 12:35:07 AM
560 Views
Whoopty-fucking-doo!
- 21/02/2010 12:42:28 AM
590 Views
If Dragonsoul brought it up out of nowhere, then it's not an issue
- 22/02/2010 11:12:57 PM
607 Views