Up until late 2003 bankruptcy was to be used for people who were experiencing severe financial troubles. Which debt settlement services can actually do a good job. Sadly it was misused by tens of thousands of people who were trying to avoid paying their credit card debts. They didn’t want to take responsibility for their misgivings. The credit card companies were fed up with this so they lobbied to have the bankruptcy laws changed.
Tags: bankruptcy laws, credit card debts, financial troubles, misgivings, settlement services