Sue,(posted 7684 days ago)I feel the same way, I wished I had gone bankrupt years ago, especially after seeing how the law is weighted so much in favour of the lenders. Sue, when you refer to the new enforcement regs are you referring to the latest transitional bankruptcy arrangements? If all these new proposals in the white paper come in I can see this country turning into a country of bankrupts. And how many people I wonder with credit card debts realise that they will effectively be debts secured on their homes? Not a very comforting thought, is it?
Mark.