Victor V. Claar's Blog, page 14

AP Study: Bankruptcies Lower in States that Do Not Seize Wages

According to Mike Baker, reporting for the Associated Press this month, there are fewer personal bankruptcy filings in states that do not permit garnishment of wages. They also find striking differences along state borders.

States that allow debt collectors to seize consumers' wages have sharply higher bankruptcy rates than neighboring states that prohibit or strictly limit the practice, an Associated Press analysis has found.

This link highlights a dilemma for credit-card companies and other deb