When the next credit card representative comes to campus, trying to market the newest MasterCard or Visa-run away! Congress has made it more difficult for individuals to declare and extricate themselves from bankruptcy. Although the idea the new bankruptcy legislation is supposed to support, namely that consumers must become more fiscally responsible, may seem neutral on its surface and merely designed to reign in an overspent America where "the average credit card balance is $12,000. And 10 to 15 percent of households with credit card debt are barely able to pay it off," in fact this new piece of legislation advances a number of factional interests in Congress at the expense of other interests. (Willis, 2005) While the financial industry and credit card companies may be pleased by the 2005 legislation, consumer groups and legal action groups are not.

             The image of creating a more responsible and thrifty consumer may have been the 'selling point" of the new legislation to the vast majority of the American public. Don"t be seduced by credit card companies, touted the bill"s advocates in Congress. However, these politicians might have been also just as apt to add-oh yes, never get sick and require costly medical procedures, never lose your job, and for heaven"s sake never care for a child with a chronic ailment. These are the main reasons that individuals fall into heavy debt and require bankruptcy, far from the image of the Gucci-touting college student. In fact, the legislation was deemed so anti-consumer friendly that CNN"s personal financial advisor cautioned "if you've been considering filing for bankruptcy protection, but have delayed, you should go ahead and start the paperwork now. Once the many elements of the law take effect in 180 days (six months), bankruptcy as we know it will have changed to an unfriendly landscape," for the average, middle class American.