You'll be required to take a budget-counseling course. Home equity remains a fighting issue. The Senate thinks that's fine and President Bush agrees. Wealthy bankrupts might have to cover some of their debts under the new bankruptcy-income test. But they'd still have their big home equity left.
Renters get harsher treatment.
Their budget for living expenses will limit what they can spend. They might have to give up their apartments and move to something smaller. It never pays to be poor. All rights reserved. Produced by Journal Interactive .