Drudge Retort: Red Meat for Yellow Dogs
Monday, July 06, 2009

States that allow debt collectors to seize consumers' wages have sharply higher bankruptcy rates than neighboring states that prohibit or strictly limit the practice, an Associated Press analysis has found. This link highlights a dilemma for credit-card companies and other debt chasers: By going after wages an increasingly popular maneuver since the recession began, lawyers say they risk pushing consumers into bankruptcy court, where judges can reduce or wipe away all sorts of financial obligations.

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Notice that the much malgined states of Texas, Florida, North Carolina, and South Carolina are four of the five states that do not permit wage garnishments. Wow.

What about those leftist governed states that do?

Is the world upside down? What's a lefty to think?

Don't worry. With the economic indicators and "cap and trade" costs if adopted harming our industries generally, and killing the airline industry which has already lost $60 billion and whose travelers cannot absorb rate increases, we will have a new paradigm.

Domino effect.

There may not be any wages available for garnishment.

Oil is expected to drop precipitously. Gold is down. With the dollar losing value, the response should be an increase in costs. This phenOur system is crashing because of programs adopted by this administration. Nevertheless the grinning idiot we have as President is posturing and preening, and we're unresponsive to reality in our "Fools Paradise" following misleading ideological dictates. Home boy hasn't yet realized that as a requisite to "redistribution," it is necessary to have "production." The economy is being destroyed.

Sorry Johnson, the last occupant of the White House was the "grinning idiot". Do try and keep up.

#3 | Posted by LetUsPrey

He's unable to keep up..he's too busy being..well...a grinning idiot.....

half of nations personal bankruptcies are caused by medical problems related to high hospital bills & so forth ~ hence the extreme neeeeeeed to forcibly vaccinate everyone with tamiflu vaccine for the next measles outbreak outside of NY

What State doesn't permit child support, alimony or IRS garnishments? You can live out of the trunk of your car for all they care.

Sorry Johnson, the last occupant of the White House was the "grinning idiot".

#3 | Posted by LetUsPrey

And this one is 'what me worry", stupid grin and big ears to go with it.

"This link highlights a dilemma for credit-card companies and other debt chasers..."

Much of their dilemma could be solved by fair interest rates that remain stable for reasonable lengths of time, and by ceasing to look at unfairly high fees as a "profit center."

Having recently seen an elderly relative (who formerly had an impeccable credit rating) forced into trouble by interest-rate increases and fees, I have no further sympathy whatever for credit-card companies. They are doing this to themselves, and the only thing I feel bad about is that they're causing a lot of decent Americans untold grief.

I've said it before, and I'll say it again: If fundies want a Biblical issue to make political hay with, they really ought to take a good hard look at what the Good Book has to say about usury.

I've said it before, and I'll say it again: If fundies want a Biblical issue to make political hay with, they really ought to take a good hard look at what the Good Book has to say about usury.

Posted by MaryTylerWhore

lol

then compare it to how the Islamic cheat

Sorry Johnson, the last occupant of the White House was the "grinning idiot". Do try and keep up.

No the last occupant was "W" you must be thinking of the current occupant of Number One Observatory Circle Joe Biden.

"half of nations personal bankruptcies are caused by medical problems related to high hospital bills & so forth"

Read how its stated....
"health care expenses, illness or related job-loss led them to do so."

It's worth noting, though, that the figure from the Harvard study includes those who lost their jobs or significant income due to illness even if they didn't cite mounting health care bills as a direct cause of their bankruptcy. That makes Daschle's specific mention of "medical bills" not quite correct, though several newspaper headlines characterized the findings that way, too. The study, published in the Feb. 2, 2005, issue of the journal Health Affairs, based its findings on surveys completed by 1,771 Americans in bankruptcy courts in 2001, financial information available in public court records and follow-up interviews with 931 of the respondents. It determined that 46.2 percent of bankruptcies were attributable to a major medical reason. Debtors cited at least one of the following specific causes: illness or injury (28.3 percent of respondents), uncovered medical bills exceeding $1,000 in the past two years (27 percent), loss of at least two weeks of work-related income because of illness (21.3 percent), or mortgaging a home to pay medical bills (2 percent). (A larger category "any medical bankruptcy" also covered those who cited addiction, or uncontrolled gambling, childbirth, or the death of a family member. Including that group brought the total percentage of "medical bankruptcies" up to 54.5.)
www.factcheck.org

thank you!

addiction is a dis-ease, though:>)

hey Johnson:
Texas, Florida, North Carolina, and South Carolina are four of the five states that do not permit wage garnishments.

that statement is misleading at best, false at worst.

here is a state by state - statute and abstract:
www.fair-debt-collection.com

secondly there are MANY many reasons for: the much malgined states of Texas, Florida, North Carolina, and South Carolina.

Nutty: What State doesn't permit child support, alimony or IRS garnishments? [bold emphasis mine]

South Carolina, for one.

as compared to Texas.

the obvious response to this story is: DUH.

i live in Florida. i have been to both mediation and to court to settle debts. i have seen judgements and letters and follow up garnishment letters and notices from Florida based collectors (attorneys) in FLORIDA to Floridians.

so either don't believe everything you read or take it with block of salt. unfortunately, in most states you'll need lawyer to figure out what TFA means by: "States that allow debt collectors to seize consumers' wages have sharply higher bankruptcy rates than neighboring states that prohibit or strictly limit the practice, an Associated Press analysis has found."

Sorry Johnson, the last occupant of the White House was the "grinning idiot". Do try and keep up.

#3 | Posted by LetUsPrey at 2009

OH I GET IT NOW

why didnt I THINK of this...so this is why its okay for barry to send the debt to 11 trillion and quadruple the deficit in a short time

WELL SHIT fellers...why didnt you tell me this sooner....

and if these states think its bad now here is some info from yesterdays houston chronicle written by a member of the texas utility commission....someone who would know..

ERCOT is involved with most of electric grid in texas...
thier figures show that all of this cap and tax will lower the temp by 9/100 of a degree by 2050

BUT to get there...they went to the following

texas bureau of economic geology...calls the epa desitgnation of carbon dioxide as a polluntant as
"absurd"

national association of manufactorers says that it will cost 250,000 to 330,000 jobs and electric costs will rise from 100 to 145%

western business roundtable says that 600,000 jobs will be lost at a cost of 250 billion dollars in economic loss and 95% of cost will be paid by people in "fly over states" rather than the west coast or in new england

ANYONE WANT TO TELL US WHAT STATES the sponsors are in????

MIT joint program on science and policy for global change says in 2015 that 46 to 68 dollars per ton will mean rise of cost to billions...

texas wind farms provide 18 gigawatts of power or it would be worse..

and so these states just THINK they are in trouble now

34. North Carolina Wage Garnishment

Unless the debtor has substantial funds on deposit and no family dependent on those funds for support, garnishment of wages is not generally helpful in collecting other claims except:

1. To enforce an order for child support (G. S. 110-136),

2. To recover unpaid taxes (G. S. 105- 242(8), 105-368, 106-9.4), and

3. To enforce a judgment for payment of medical services provided by a "public" hospital (G. S. 131E-49),

Under G. S. 1-362, the debtor's earnings for personal services within 60 days prior to the order cannot be applied to the debt if it appears that the earnings are necessary for the use of the debtor's family. Further, future earnings have been excluded from the scope of execution under Harris v. Hinson, 87 N.C. App. 148,360 S.E.2d 118 (1987).

Yup, NC sucks sure does. Oh and you can stop a wage garnishment if you can prove that the funds are not "disposable" but necessary for the use of the family.

Not sure why NC has such a bad rap with people, we got rid of Jessie years ago. We have one of the best state college systems; we have several top private universities, world-renowned medical centers. There is clean air, beaches, mountains decriminalized marijuana, and possibly medical marijuana. Sure we have looser gun laws than liberals would like but then again we don't have crime like DC, or Detroit either.

Man who the heck would want to live in such a horrible state?

Ahhh afkabibble with his "facts" again.

#19 | Posted by TaoWarrior at 2009-07-06 09:17 PM | Reply | Flag:

Just so you know Tao, I love NC.

My Fiance's parents have a house 40 min south of Wilmington.

Wilmington has to be just about my favorite place to visit.

Tons of fantastic restraunts, Great beaches, terrific bars, its one of the oldest towns in the country so it has huge ammounts of history, it wasnt burnt durring the civil war so there are many buildings and streets that are original from the early 1800's and late 1700's and you can be walking down the street and see people filming movies at random.

Super cool place!

Ahhh afkabibble with his "facts" again.

#20 | Posted by JimmyWallback at

uh...so I was pretty sure I wrote this too but I guess you need to read again maybe this time a little slower..

the info is from an article by the texas utility commissioner in Texas and he even used info from mit...

so thank you for thinking that I use MIT level facts....

I'm not a big fan of wage garnishment but I wouldn't jump on the bandwagon of doing away with it based on this story.

Home boy hasn't yet realized that as a requisite to "redistribution," it is necessary to have "production." The economy is being destroyed.

#2 | Posted by Johnson at 2009-07-06 10:37 AM |

You have to totally break it first in order to control/own it.

Alot of people won't like what they thought they were buying when this marxist pos gets another year under his belt.

Never occurs to these slugs that even in government jobs not everyone is equal or paid equally. What the hell makes them think they'll fare any better under communism than they do under the present socialist system?

That's right, lefties. We've been socialist for decades now. A free market capitalist system hasn't existed in this country for many decades.

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