Consumer Bankruptcy Panel: Bringing Relevance Back to Consumer Bankruptcy
Foohey, Pamela, Keating, Daniel, Lander, David, Martin, Nathalie & Sigler, The Honorable Sage M.
Abstract
Conversations on the consumer panel centered around the relevance of bankruptcy for the average consumer and how the system could be improved. The bulk of this panel discussed the notion that the Bankruptcy Code, when drafted, did not effectively cover many of issues faced by the average consumer today. The astronomical increases in student loan debt, credit card debt, mortgages, and car payments are some of the key issues discussed.