Professor Zywicki comments in Denver Post article about changes in bankruptcy law
Professor Todd Zywicki commented in a recent Denver Post article that looked at the effects of new bankruptcy laws on consumers.
Bankrupt, The Denver Post, September 25, 2005. By Greg Griffin.
"The FBI estimates that 10 percent of bankruptcy cases have some sort of fraud, such as concealing or lying about assets, said Todd Zywicki, a law professor at George Mason University in Virginia who testified before Congress on the issue.
The law also takes aim at some high-income filers who are taking advantage of their ability to dodge debt in Chapter 7, Zywicki said.
'It tries to put some teeth in rules already on books to try to get high-income debtors to repay a portion of their debt if they can do so without significant hardship,' he said."