How “No Money Down” Bankruptcies Are Hurting Filers, and What We Can Do About It
The combination of rising debt and inability to pay for legal help has allowed the proliferation of a financially fraught practice: “no money down” bankruptcies. While purporting to help the low income client, these bankruptcies often leave the filer in a worse financial situation because they were ill-suited for Chapter 13 bankruptcy. This post explores the rise of “no money down” bankruptcies and how we can address this access to justice issue.