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Collection of Debts Discharged in Bankruptcy

BusinessWeek published online (and will publish in its magazine) an amazing article, “Prisoners of Debt.” This major story talks about the increased selling and collection of debt discharged in Chapter 7 cases. A must read.

BusinessWeek has two companion articles: “Conveniently Not Updating,” about improper credit reporting of discharged debt, and “Whose Second Chance,” about improper collection of discharged debt.

The fact that BusinessWeek (of all magazines) is doing stories about creditor abuse is a clear reflection of just how rampant this sort of thing is.

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