Home equity remains a fighting issue. The Senate thinks that's fine. 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 equities 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. Copyright 1999-2001, The Gazette , a Freedom Communications , Inc. Company. All rights reserved.