Discussion (WK4) - Discussion(WK4 Discussion Debate In...

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Discussion (WK4) Discussion Debate: In October of 2005, our bankruptcy laws were substantially changed. In particular, the new law makes it harder to file for Chapter 7 and changes the Homestead Exemption. We are going to discuss the new bankruptcy law in a debate format. I have divided the class into teams according to last name. If your last name begins with A-M, argue in favor of the new law. (What did it change; why were those changes needed ?) If your last name begins with N-Z, argue against the new law. (What did it change; why were those changes bad?) Please support your answer using your text and Internet research and limit your comments to 400 words or less. When you quote or cite a website, please list the website at the bottom of your comments using APA format for citation. Here are some ideas to get you started. Why are so many people filing for bankruptcy in America? Even during the prosperity of the 90s, bankruptcy rates skyrocketed. Will reforming bankruptcy law solve the problem? Some say we should reform the credit industry instead.
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