Everything about the new bankruptcy law detailed here is true: the impractical and irrelevant hoops debtors have to jump through, the "credit counseling" that's next to worthless, the byzantine language judges are trying to interpret, the higher fees lawyers are charging everyone, the luxury car/vacation home "exception" to the means test, etc. Filings, at least for now, are way down, but that's largely because everyone who was even close to thinking about bankruptcy filed last October. Simply put, a stupid, evil law....