Bankruptcy courts ill-prepared for tsunami of people going broke from coronavirus shutdown
- Written by Paige Marta Skiba, Economist, Professor of Law, Vanderbilt University
The courts are sheltering in place too. 101cats/Getty ImagesAs more Americans lose all or part of their incomes and struggle with mounting debts, another crisis looms: a wave of personal bankruptcies.
Bankruptcy can discharge or erase many types of debts and stop foreclosures, repossessions and wage garnishments. But our research shows the...