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Worth Reading--Moral Responsibility to Pay

posted by Bob Lawless

Two very thoughtful posts by Buce at Underbelly are worth reading. Both get at the question of whether "can pay" debtors are acting wrongfully when they don't pay. The first post looks at the issue generally. The second post is a followup discussing the mortgage foreclosure problems in California and whether banks should expect debtors to pay more than they are legally obligated to pay. Good stuff.

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  • As a public service, the University of Illinois College of Law operates Bankr-L, an e-mail list on which bankruptcy professionals can exchange information. Bankr-L is administered by one of the Credit Slips bloggers, Professor Robert M. Lawless of the University of Illinois. Although Bankr-L is a free service, membership is limited only to persons with a professional connection to the bankruptcy field (e.g., lawyer, accountant, academic, judge). To request a subscription on Bankr-L, click here to visit the page for the list and then click on the link for "Subscribe." After completing the information there, please also send an e-mail to Professor Lawless (rlawless@illinois.edu) with a short description of your professional connection to bankruptcy. A link to a URL with a professional bio or other identifying information would be great.

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