Author Topic: Unfortunate development on the bankruptcy side...  (Read 3665 times)

AmCap

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Unfortunate development on the bankruptcy side...
« on: April 01, 2013, 06:14:00 PM »
http://blogs.wsj.com/bankruptcy/2013/04/01/bankruptcy-watchdogs-suspend-debtor-audits/

Unfortunately it appears that one of the safeguards to prevent abusive use of the bankruptcy process has fallen victim to budget cuts.
« Last Edit: April 01, 2013, 06:15:35 PM by AmCap »

AmCap

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Re: Unfortunate development on the bankruptcy side...
« Reply #1 on: April 06, 2013, 07:31:02 PM »
72 views and no replies!?  Someone cares about this...I hope...

rawraw

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Re: Unfortunate development on the bankruptcy side...
« Reply #2 on: April 06, 2013, 11:24:10 PM »
 I care :(

brycemason

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Re: Unfortunate development on the bankruptcy side...
« Reply #3 on: April 07, 2013, 05:41:27 PM »
We may care, but what can we do about it?

rawraw

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Re: Unfortunate development on the bankruptcy side...
« Reply #4 on: April 07, 2013, 06:03:05 PM »
We may care, but what can we do about it?
Perhaps increase the perceived risk of previous bankruptcy applicants.

berniemadeoff

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Re: Unfortunate development on the bankruptcy side...
« Reply #5 on: April 07, 2013, 08:01:38 PM »
Did these audits actually deter people from filing?

AmCap

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Re: Unfortunate development on the bankruptcy side...
« Reply #6 on: April 11, 2013, 08:05:38 AM »
Did these audits actually deter people from filing?

I suspect most consumer filers didn't even know they occurred. 

rawraw

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Re: Unfortunate development on the bankruptcy side...
« Reply #7 on: April 11, 2013, 05:53:48 PM »
Did these audits actually deter people from filing?

I suspect most consumer filers didn't even know they occurred.
That doesn't matter.  Most consumers aren't the 'target audience.'  It's the people who are savvy enough to abuse the system that it's set up to deter.  If there is economic benefit to something, you bet clever people will abuse it if the incentives aren't offset by the risks.