[lbo-talk] bankruptcy

Steven L. Robinson srobin21 at comcast.net
Fri Mar 11 13:10:37 PST 2005


I was thinking that serfdom might be next, but fortunately both that and debtor's prison are precluded by the United States Constitution. My bet is that there will be a push to make it easier to collect the debts of consumers - such as watering down statutory prohibitions againsts unfair debt collection practices, extending the time in which money judgments can be enforced (in California a judgment is good for 10 years and can be renewed for another 10 years) and limiting protections to defaulting homeowners. By necessity, such measures would have to be enacted on the state as opposed to federl levels. Steve -------------- Original message --------------


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> This law is another step into US social fascism. What next ? Debtors' prison
> ?
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> Charles


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