This is worth a read...

This month may turn out to be a late Christmas for credit card companies if the Republican supported bankruptcy bill passes Congress. The bill would force middle-class workers to pay some of the debt they owe even after they go bankrupt. You could make a good case for this bill if it were narrowly focused on those who truly abuse bankruptcy laws. Instead, the bill sweeps away protections for worthy and unworthy debtors alike. This will make it much tougher for those who fall on hard times to escape burdens they confront through little fault of their own.
[The Proponent of Reason]