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Show j Barn Bays Msrapfiey j lows m too liG&nl structured to encourage people to honor their obligations, obli-gations, if at all possihle. Garn, chairman of the Senate Banking, Housing and Urban Affairs Committee, ' said he expects Dole's sub- I committee will propose legislation tightening the bankruptcy laws 'which I will support if it leads to more I honest dealings lietween people.' i A full page ad in a Utah paper for a mail ordpr method meth-od on 'How to be Free of Debt in 24 Hours' is a stark evidence that Congress has gone too far in Moralizing bankruptcy laws. Millions of responsible consumers end up paying the bill when financial deadlreats find a way to escape from their legitimate obligations. Bankruptcy has it's necessary neces-sary role; but it should be a last resort, not the easy way out. The advertisement contained con-tained a banner size head-ling: head-ling: 'Provo couple gets free of debt in only 24 hours!' The advertisement ( in the March 16 edition of THE HERALD, in Provo) also read: 'Why should any family or individual face years and years of scrimping to dig out from what must seem a bottomless pit, especially when it may not even be their fault that they fell into it in the first place.' The ad described a fictitious ficti-tious Provo couple, who used some brand new laws recently re-cently enacted by the federal government, and solved their problems, and did not have I.) go through bankrupt -cy. The couple used a provision pro-vision allowing a debtor to propose a repayment program pro-gram commensurate with his ability to pay, and a judge ordered them to pay only $120 of the $12,000 they owed. With the nation's economy econo-my faltering, industry sources sour-ces estimate that $2 billion was lost from personal bankruptcy bank-ruptcy in 1980. Garn said, 'I believe bankruptcy laws are necessary to protect individuals in-dividuals who suffer unexpected, un-expected, catastrophic financial fi-nancial losses, such as through a natural disaster. However, It was never the intent in-tent of Congress to allow people who have lived beyond be-yond their means through the availability of easy credit to escape responsibility. The basic issue involves honesty and personal integrity, and the nation's laws should be |