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crime, punishment, and bankruptcy

The North Carolina prosecutor notorious for the overzealous prosecution of 3 LaCross players from Duke University, Michael B. Nifong, filed for bankrukptcy protection January 15 in the Bankruptcy Court for the Middle District of North Carolina (Durham). See In re Michael B. Nifong, 08-80034

Read the whole sordid story here.

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  • Bankruptcy Kahuna

    Unfortunately the wave of corporate bankruptcies in the US will be far exceeded by personal bankruptcy. The present regime in Washington anticipating this outcome enacted legislation in October 2005 which basically prevents one from going bankrupt. Most claims are not extinguished by bankrupcy. Sure they can stiff their friends and relatives but not the IRS, banks, credit card companies and others making anyone in this precarious position a slave for life.