News Story (NATIONAL)
May 1, 2020
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Tags: Coronavirus, COVID-19, Debt Collection
Organizations mentioned/involved: Legal Aid Society of Columbus
And with parts of the country starting to reopen to business, sending a message that it’s time to rev up the economy, legal advocates see little chance of new restrictions to protect the poorest sector of society. That means a likely rise in consumer bankruptcies as individuals see no way to escape their debts.
“Things were bad before the COVID emergency, they got worse with COVID, and they’re going to get even worse,” says Margot Saunders, senior counsel at the National Consumer Law Center.