A growing number of Americans are defaulting on their debts, and cultural observers say bankruptcy is losing the stigma it once had. Some members of Congress are pushing for a major reform. A panel debates the pros and cons of the proposed Bankruptcy Reform Act.
Many creditors say current law makes it too easy for people to walk away from their debt.
Author Get a Financial Life , Simon and Schuster 1996 and Contributing Writer, Money magazine and Ken Kurson Staff Writer, Worth magazine and Editor, Green , personal finance for younger people . The following articles are extremely timely. Therefore, if a link is found to be defective, it is because the article has become inactive on the originating server.