Category Bankruptcy

Abusive Debt Collectors Now Working With Prosecutors

In some locales, prosecutors are (to say the least) abusing their discretion by threatening to bring criminal charges against debtors for bouncing checks. Advertisements

What Are the Changes In Consumer Bankruptcy Laws?

In 2005, Congress passed the “Bankruptcy Abuse Prevention and Consumer Protection Act,” at the behest of large banks in order to make it harder for individuals to file bankruptcy.  The biggest change from the old law is the addition of the “means test.”  In order to file bankruptcy now, debtors must prove that they make […]

Bringing Back Debtors Prison

An appalling abuse of the justice system, locking up people for owing money. I’m only surprised this hasn’t spread to Texas yet. It’s worth noting that one of the primary causes of bankruptcy is medical debt.