Political Quotes

“We are considering a reform of the bankruptcy code... to try to change the bankruptcy code in a way that will reduce abusive filings--in other words, people who may be going into bankruptcy court to file for bankruptcy in a situation where they can, in fact, pay back either their debts or a sizable portion of those debts. We have tried to address this at several different levels. We have had a spirited debate about how to do it. We understand the complexity of this. Historically, there has been a national commission which has taken a look at this rather complicated area of the law. I find myself in an unusual position here, having worked with my staff and studied this issue for a year, because I come to this with an interesting experience when it comes to bankruptcy law. Thirty years ago, I took a course in bankruptcy in law school. Twenty years ago, I was appointed trustee of a bankruptcy in my hometown of Springfield, IL, in one case. Now I bring that wealth of experience to this debate in an attempt to try to find our way through a very complicated area of the law.”