I just finished reading Credit Union Times Staff Reporter Lora Ide's story on bankruptcy (CU Times, Jan. 26) and the concerns Consumer Federation of America has about the Senate bill. What a thorough article, chock full of relevant facts and stats that provide needed perspective. I hadn't read anywhere else how this country fell into the bankruptcy crisis. Lora told how it happened. Her piece is going in my file - a great reference around which we can plan our continuing communications. It galls me to see business news sections that print headlines about how bankruptcies have fallen, without offering the perspective Lora did. While bankruptcies may have fallen, no one who watches the credit industry thinks bankruptcies will fall below a million per year. That's roughly equivalent to four of Wisconsin's largest cities declaring bankruptcy year after year! Despite the disagreements Lora's article mentioned, bankruptcy reform is needed now more than ever. Thank you for continuing to shed light on this important subject. Chris Olson Public Relations Specialist Wisconsin Credit Union League
Bankruptcy: the full story
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