Bankruptcy Update I - Spring 2008

Minnetonka/Minneapolis lawyer David Kelly discusses recent New York Times article on subject of how the only real crisis in the banking industry is caused by the bankers themselves, not by the debtors, consumers or users of credit cards. This is the exact opposite of what the promoters of the 2005 bankruptcy "reform" legislation claimed. The "abuse" of credit is coming primarily from the banking industry, not from consumers.

Kelly Law Office
At Debt Relief Agency under the Federal Bankruptcy Statute
10709 Wayzata Blvd. #205
Minnetonka, MN 55305
952-544-6356
dave@kelly-law.com
http://www.mn-bankruptcy.com

Kelly Law Office represents bankruptcy clients throughout the Twin Cities - Minneapolis, Minnesota area including Champlin, Crystal Bay, Dayton, Eden Prairie, Edina, Excelsior, Hamel, Hopkins, Howard Lake, Long Lake, Loretto, Maple Plain, Minneapolis, Minnetonka Beach, Minnetonka, Monticello, Mound, Navarre, Osseo, Otsego, Rogers, Saint Bonifacius, Saint Paul, Spring Park, Wayzata, Young America, Bloomington, Edina, St. Louis Park, Wayzata, Plymouth, Maple Grove, Brooklyn Park, Anoka, Shakopee, Hastings, Eagan, Burnsville, Buffalo, Waverly, Montrose, Hennepin County, Anoka County, Carver County, Scott County, Ramsey County, Dakota County, and Wright County.

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[PGMEagle]

He's exactly right. In the US the Poor get poorer and the Rich get richer.