Bankruptcy

Worth Reading--Moral Responsibility to Pay

By Bob Lawless

Two very thoughtful posts by Buce at Underbelly are worth reading. Both get at the question of whether "can pay" debtors are acting wrongfully when they don't pay. The first post looks at the issue generally. The second post is a followup discussing the mortgage foreclosure problems in California and whether banks should expect debtors to pay more than they are legally obligated to pay. Good stuff.

Full post as published by Credit Slips on January 30, 2008 (boomark / email).