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View Diary: Dunning Our Troops (113 comments)

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  •  Yes (none)
    any relation to that new Bankruptcy/Credit Law?

    Sure - in the sense that if companies don't respect this law (the one protecting active-duty soldiers), those same soldiers are more likely to have to declare bankruptcy. But now, even if a soldier does declare bankruptcy, the creditors can very likely still collect on those debts.

    So in the past, it was, "If we illegally squeeze a soldier now, he might declare bankruptcy and we're screwed." In other words, there was a double disincentive to dun soldiers - it was illegal and likely to turn your credit bad.

    But now, it's, "If we illegally squeeze a soldier now, we can still collect on our loans even if he files for bankruptcy." Lovely.

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