Millions of Americans could lose their electricity as shutoff moratoriums expire

Re:Millions of Americans could lose their electricity as shu... by the1pato on Friday August 28, 2020 @07:28PM (#24311604)

That's true, but you can also lose your house for completely unrelated debts in the UK (i.e., you could pay your mortgage but if you have a different, unrelated loan that you default on then that creditor could have a court sign off on seizing your house).

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Re:Millions of Americans could lose their electricity as shu... by bleepblorp on Friday August 28, 2020 @08:13PM (#24311948)

This how debt law works pretty much everywhere. Creditors have the right to seize virtually any assets to cover their outstanding loans.

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Re:Millions of Americans could lose their electricity as shu... by kube-system on Monday August 31, 2020 @02:52PM (#24334714)

This is one area where the US has really good protections. Even most people that file Chapter 7 (liquidation bankruptcy) in the US don't lose any assets. Courts will generally only liquidate investment accounts, vacation homes, high-dollar collectibles, etc. They won't take your primary home, car, typical personal possessions, etc.

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