Bankruptcy Rates: A Response to Todd Zywicki | Talking Points Memo

Todd Zywicki (TZ), the long-time cheerleader for the credit industry on the bankruptcy bill, says on Volokh Conspiracy that bankruptcy rates have gone up in anticipation of the bankruptcy bill’s becoming law on October 17. (He says filings in April increased by 70% from January, but the same data source shows that filings were only up 16% from April ‘04.) This increase, he claims, just proves what he said all along — that the debtors could pay, but they are strategic and take advantage of those poor credit card companies.

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