also read earlier about the push to allow judges to force lower interest rates, etc in bankruptcy-so where is the incentive not to file if they do that? yes, it helps the hurting buyer-but hinders the banks from loaning in future, and probably will encourage folks who wouldn't file to do just that-especially if it means a lower interest rate and more favorable terms than what they currently have. banks are screaming about the idea, i don't think it's going to fly.
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Books serve to show a man that those original thoughts of his aren't very new at all.
Abraham Lincoln
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