WASHINGTON-Credit unions and other lenders have been fighting toreform bankruptcy protection laws for several years now and creditunion lobbyists have said, though it is not impossible, it isunlikely bankruptcy reform legislation will be signed into law thisyear. Still the credit union trade associations are pushing just ashard as they did initially in their lobbying for bankruptcy reform.Maybe it is because consumer filings continue to increase even asdebt payments as a percentage of total disposable income decreases.Another driving factor could be that non-business bankruptcyfilings have increased from not quite 87% of total filings tonearly 98% of total filings since 1980. Study the statistics belowand judge the worthiness of the cause for yourselves.
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