This interesting article addresses some of the key issues regarding debt consolidation. A careful reading of this material could make a big difference in how you think about debt consolidation.The Bankruptcy Abuse and Consumer Protection Act, signed into law by President Bush last April, promises changes to Federal bankruptcy law that have been long sought by the lending industry. The bill promises sweeping changes to Federal law, and will make it much harder for the average consumer in financial trouble to have their debts wiped out by filing for bankruptcy. Recent trends suggest that those considering a bankruptcy filing should do so now, as the line to do so is already gettin…That’s how things stand right now. Keep in mind that any subject can change over time, so be sure you keep up with the latest news.

More: continued here