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A Closer Look (Debt Debate) #196348

ABC Evening News for Tuesday, Mar 06, 2001
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(Studio: Peter Jennings) Statistics on bankruptcy cited.

(New York: Betsy Stark) The American bankruptcy system examined; details given of the background of those filing for bankruptcy and of new legislation going through Congress. [In debt, Ed NERWINSKI - talks about charging his wife's medicine to credit cards.] [Harvard Law School professor Elizabeth WARREN - explains how bankruptcy is used; says the new bill would hurt middle class families.] [George Mason University Law School professor Todd ZYWICKI - criticizes the system's shortcomings.]

(Studio: Peter Jennings) House passage of legislation to reform the bankruptcy laws noted.

Reporter(s):
Jennings, Peter;
Stark, Betsy
Duration:
00:03:20

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