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Bankruptcy courts ill-prepared for tsunami of people going broke from coronavirus shutdown

  • Written by Paige Marta Skiba, Economist, Professor of Law, Vanderbilt University
Bankruptcy courts ill-prepared for tsunami of people going broke from coronavirus shutdownThe courts are sheltering in place too. 101cats/Getty Images

As 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...

Read more: Bankruptcy courts ill-prepared for tsunami of people going broke from coronavirus shutdown

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