More details for the Making Bankruptcy Great Again Act.
- no credit counseling required
- no need to show up in person, video meetings on your schedule
- no consequences for spending most of your money on luxury items while making only the “minimum” plan payments to your creditors
- put your lawyers fees on a payment plan too
- renegotiate your home mortgage rate and get an extra 5-15 years to pay it
- private and federal student loans now dischargeable
The race to $7.5M worth of unhappy creditors per person starts as soon as this passes.