Since this is going to be challenged, let me again say for the Members who may be listening that this is a Debtor's Bill of Rights. It strengthens this bill. It responds to a very serious concern that the Federal Trade Commission has stipulated in its Consumer Alert. It informs debtors who retain the services of bankruptcy mills to disclose the services, the costs and the consequences, and particularly the consequences of filing for bankruptcy. We do not want people to have to file for bankruptcy, particularly people who never intended to file for bankruptcy.
James Moran: “Since this is going to be challenged, let me again say for the Members who may be listening that this is a Debtor's Bill…”
Editor's note · Context
Discussing the Debtor's Bill of Rights in relation to bankruptcy legislation.
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