For immediate release: March 15, 2001
Contact: Lela Shepard or Margot Friedman at 202-588-5180
Senate Bankruptcy Bill Sends Harsh Message to Working Families, Says NWLC
Washington, DC -- The National Women's Law Center called the Senate's 83-15 vote on the bankruptcy bill, S. 420, a harsh message to working families trying to regain their economic stability and meet their children's needs. The bill sets up increased competition for resources between parents and children owed child support and commercial creditors like credit card companies during and after bankruptcy. At the same time, the bill does little to curb real abuses of the bankruptcy system.
"This bill puts the interests of credit card companies ahead of the needs of women and children owed child support and other families struggling to cope with family breakup, job loss, or catastrophic medical expenses," said Joan Entmacher, NWLC Vice President and Director of Family Economic Security. "We should be giving families the tools to get back on their feet, not protecting the interests of the commercial credit industry at the expense of the American family's financial stability."