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Seizing Wages

Do you think that a consumers’ wages should be able to be seized if she files bankruptcy?

Interesting question:

Five states, including North Carolina, that prohibit or limit the practice of seizing consumers’ wages have much lower personal bankruptcy rates than the nation as a whole, according to an analysis by The Associated Press.

Click here to read more:

http://www.bizjournals.com/charlotte/stories/2009/07/06/daily8.html

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One Comment

  1. Skip wrote:

    Interesting article. It is not really surprising that that is the case. Kind of reminds me of those debtor prisons in the UK. How can you pay your debts off when you are locked up?

    Tuesday, July 21, 2009 at 9:08 am | Permalink

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