Figure this one out:
In September and the first half of October 2005, would-be bankruptcy filers locally and across the country clogged bankruptcy clerks’ offices as they raced to file petitions in time to beat a midnight Oct. 17 deadline when the Bankruptcy Abuse Prevention and Consumer Protection Act took effect. Long sought by the banking and credit card industries, the 2005 act put tighter restrictions on bankruptcy filers.
After it became law, filings here and across the country fell precipitously and only gradually climbed back to pre-reform levels.
Doesn’t seem to have all that much to do with the article at hand, which is simply reporting that there is a slight up-tick in bankruptcy filings in Rochester. And if I’m reading it correctly, doesn’t it basically sound like it’s trumpeting the success of the Backruptcy Abuse Prevention and Consumer Protection Act, while in the second half of the last sentence, conceding that the panic that law caused only temporarily effected any change? Kind of like saying “I slapped my kid a good one. And boy, it took him a long time to forget about it. But he did.”
Maybe Will Astor aught to leave the editorializing to the editorial page.
