Total US Bankruptcy Filings (1998-2013) as seen on creditslips.org
(Source: creditslips.org)
A nondischargeable judgment, like any other judgment, is a mere hunting license for the successful party to attempt to locate the assets, past, present, or future, of the judgment debtor to satisfy the obligation.”
— In re Fabian, 458 B.R. 235 (Bankr. D. Md. 2011)
(Source: westapps.west.thomson.com)
The letters are sent by the thousands to people across the country who have written bad checks, threatening them with jail if they do not pay up. They bear the seal and signature of the local district attorney’s office. But there is a catch: the letters are from debt-collection companies.”
—
- Jessica Silver-Greenberg (NYT)
http://www.nytimes.com/2012/09/16/business/in-prosecutors-debt-collectors-find-a-partner.html
The problem, it seems to me, with arbitration or class action waiver or forum selection clauses in contracts, even if explicit opt-out provisions are available, is that there’s an inherent imbalance between businesses and consumers in the way valuations of the provision are going to work”
—
Adam Levitin
http://www.creditslips.org/creditslips/2012/09/arbitration-agreements.html
Why You Have 49 FICO Scores
