This letter to Congress was updated on January 3, 2019.
NACA and NCLC have issued a press release praising Senator Brown for introducing the Fair Consumer Reporting in Bankruptcy Act of 2015, which will protect consumers from having debts discharged in bankruptcy still listed on their credit reports.
One of my favorite questions I like to ask lawyers is “Why do people file for Bankruptcy?”
The most common answer I get is because they owe money, or they have a lot of debt.
But that is wrong. The truth of the matter is very different.