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Information on GAO Study that Questions Higher Bankruptcy
Costs for Covington Kentucky
New GAO Study Confirms Law Change Imposed Needlessly
Higher Costs for Bankruptcy at the Very Point That Americans
Need It Most
So-Called "Bankruptcy Reform? Law Raised Overall
Costs to Consumers by 60 Percent, While Failing to Achieve
Stated Objectives.
July 30, 2008 A new (GAO) report shows that the 2005
Bankruptcy change underminded bankruptcy law protections
for Americans and increased the costs of a Chapter 7 filing
by $556 (about 60 percent).
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