Credit.com

The cost of filing for bankruptcy has risen in recent years as a result of the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act, which aimed to reduce the number of bankruptcies by adding more requirements to the filing process.

When Congress passed the credit card reform act known as CARD many people breathed a sigh of relief, hoping that accountability and responsibility would soon be coming to the credit card industry. Unfortunately, instead of bringing sunshine and rainbows to the credit card industry, the CARD act...