They similarly claim that requiring that debtors receive some brief additional disclosures to explain the bankruptcy process and their relationship with their attorney also imposes an unacceptable burden on obtaining relief. Nothing could be farther from the truth. Exposure to credit counseling before filing bankruptcy can save some debtors from the damage bankruptcy does to their credit rating. It introduces them to budgeting, which experts tell is often the problem. In other words, when you look closely at the facts rather than the rhetoric, the claims of the critics on this point and on many others simply do not stand up.
Balanced reform is needed to put our consumer bankruptcy laws back on track.
After years of negotiation and compromise, H.R. 333 has found a middle ground. We urge you to support it. Let me add one more point. H.R. 333 has enormously strong provisions to make sure that child support, alimony and property settlement obligations are not evaded in bankruptcy. I have heard no one who says that these provisions are not strong enough.