Business, Management and Accounting
8 years ago

The end of consumer bankruptcy looms in the United States.

Cambridge University Press eBooks
The death of consumer bankruptcy in the United States
Charles Jordan Tabb

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Consumer bankruptcy in the United States was almost eliminated in 2000 by a new law. This law aimed to make it harder for people to erase their debts through bankruptcy. Instead, they would have to repay as much as they could afford. However, the law was vetoed at the last minute, saving consumer bankruptcy for now.