PERSPECTIVE

Life and Debt

More people are filing for bankruptcy in Massachusetts as tough new US restrictions are set to kick in this month. For many, regrettably, the era of second chances will be over.

By Keith O'Brien

October 9, 2005

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One thing is clear about the bankruptcy reforms set to take effect October 17: They will make it a lot tougher for people swimming in debt to get the fresh start that's been promised to Americans for more than a century. That is by design. For years, credit card companies and the banking industry pushed Congress to make it harder ... (Full article: 717 words)