US Congress sold a bill of goods to the public with its 2005 bankruptcy “reform” nonsense.  This “kick ‘em when they’re down” mentality had no factual basis.  In reality, very few people filing bankruptcy are well-to-do individuals trying to cheat the system and stiff their creditors. According to a 1999 study by federal bankruptcy judges, the average person filing for bankruptcy earns just $22,000 per year. Most have suffered a significant period of unemployment before filing. According to a report by Consumers Union, publisher of the well-respected Consumer Reports magazine, 85% of elderly debtors cite medical or job problems as the reason for bankruptcy. Consumers Union also says that single moms trying to make ends meet make up a large portion of bankruptcy filers. Half of all bankruptcies are triggered by sudden uninsured medical expenses, according to a recent Harvard study by Professor Elizabeth Warren.  Unfortunately, the facts don’t matter much to the fat cats in Washington.  The big banks paid millions of dollars in campaign contributions to members of Congress and it paid off for them.  The traps have been set.  Guidance from an experienced Denver bankruptcy attorney will make or break your case.