(March 30, 2005 -- 11:16 AM EDT)

Hundreds of bankruptcy experts, including bankruptcy judges from across the country, are warning that the House bill is severely flawed and may have disastrous unintended consequences.

The bottom line: "The nation's bankruptcy laws must strike a balance that is both fundamentally fair and practically sound for all parties involved...Unfortunately, the [Bankruptcy Abuse Prevention and Consumer Protection] Act is neither and, worse still, the act fails to fulfill its oft-stated purpose of eliminating abuse."

-- Spencer Ackerman