WASHINGTON — People weighed down by high medical expenses, the elderly, and those serving in the military could have a better chance of not losing their homes under changes to the bankruptcy laws unveiled today by probable Democratic presidential nominee Sen. Barack Obama.

He also proposed a 120-day moratorium on bad-credit reporting and eliminating credit counseling requirements for those who filed for bankruptcy because of medical expenses, which he said account for half of all bankruptcies filed last year.

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