We have bankruptcy because we recognize that bad things happen to good people. It's meant to give someone a fresh start. That idea is pretty well gone now. The new rules turn a compassionate system into a punitive one. -Mike Hacker

 

We have bankruptcy because we recognize that bad things happen to good people. It's meant to give someone a fresh start. That idea is pretty well gone now. The new rules turn a compassionate system into a punitive one.


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This quote is just one of 7 total Mike Hacker quotes in our collection. Mike Hacker is known for saying 'We have bankruptcy because we recognize that bad things happen to good people. It's meant to give someone a fresh start. That idea is pretty well gone now. The new rules turn a compassionate system into a punitive one.' as well as some of the following quotes.

We have bankruptcy because we recognize that bad things happen to good people. It's meant to give someone a fresh start. That idea is pretty well gone now. The new rules turn a compassionate system into a punitive one.

Mike Hacker

If you're a business debtor, your situation doesn't change that much. This is for the average Joe.

Mike Hacker

I used to advise 13s for two reasons: where consumers are behind on their house payments or they need more time to pay student loans, taxes, child support or alimony. Now 13s will be for credit cards and unsecured debt.

Mike Hacker

Most people in Chapter 13 are behind on their mortgage and want to save the house. This keeps the creditors away as long as the person makes the agreed-to payments.

Mike Hacker

A creditor always had the ability to pursue a debtor if they felt there was fraud.

Mike Hacker