Bankruptcy Rules Require Oversight

The nation’s new bankruptcy law, aimed at making more debtors pay more of their bills, will drive the U.S. government itself further into debt, according to government estimates.

From new judges, lawyers and clerks to new auditing policies, the cost of bankruptcy reform will mean almost $300 million in red ink over the first five years after the law takes effect in October, according to a forecast by the Congressional Budget Office.

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