The bankruptcy system must not impose unnecessary costs on families with severe financial problems. Unnecessary costs prevent people with limited resources from using the system.
Higher costs reduce the resources available to pay back creditors.
Taxpayers should not fund a collection process designed to raise money for big business. Lenders must take responsibility for bad business decisions which encourage American families to get financially overextended. These new procedures would add to the cost of every case. Judges, law professors, trustees, bankruptcy professionals and consumer groups agree that more study is needed to establish whether there would be any benefit to anyone associated with this overhaul of the existing system. Only the credit industry has said otherwise.