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Fewer bankruptcies in states that don’t seize wages (access required)

By: Reni Gertner
Published: July 6, 2009

Tags: ,

States that allow debt collectors to garnish consumers' wages have sharply higher bankruptcy rates than neighboring states that prohibit or strictly limit the practice, according to an Associated Press analysis. This link highlights a dilemma for credit-card companies and other debt chasers: By going after wages - an increasingly popular maneuver since the recession began, lawyers ...
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