Bankruptcy Law Backfires as Foreclosures Offset Gains

The new bankruptcy laws are helping drive foreclosures to a record as homeowners default on mortgages and struggle to pay credit card debts that might have been wiped out under the old code, said Jay Westbrook, a professor of business law at the University of Texas Law School in Austin and a former adviser to the International Monetary Fund and the World Bank.

Bankruptcy Law Backfires as Foreclosures Offset Gains bloomberg.com bloomberg.com Sat, Nov 10, 2007

Related Tags

Bankruptcy Law US