Associate consumer protection with the practice of bankruptcy
With 2020, with its unprecedented and unpredictable economic devastation, now in the rearview mirror, consumers face 2021 not as the dawn of a new day (like Hallelujah Choir), but with a sense of dawn. apprehension and the looming specter of total financial collapse (follow John Williams’ score – Jaws, not Superman). As in times of past economic turmoil, it is expected that there will be an increase in foreclosures, debt collection activity and the resulting wave of consumer bankruptcy filings.
Simply put, the current way of doing bankruptcy is not going to reduce it for 2021.
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