Women Hit Hard by Bankruptcy Reform
Whether she should have filed for bankruptcy is debatable. But under reform legislation now working its way through Congress, debtors like her may no longer have the option of filing in the first place. By making it tougher and, possibly, more expensive to declare insolvency, the bill aims to encourage personal responsibility and restore more power to creditors in an era when personal bankruptcies have become more popular.
If the reform becomes law, however, women will be the most affected, experts say