N.C. consumer bankruptcies lower - Charlotte Business Journal:

yfimuna.wordpress.com
North Carolina is one of four statee that prohibit wage garnishment except inspecial circumstances, such as unpai d taxes or child support. South Carolina and Texas are the Florida restrictsthe practice. The AP gatherer bankruptcy records startingin 2006, and found that despite similar economic conditions in neighboringh states, the five that limitf wage seizures had markedly lower bankruptcu rates. For example, North Carolina’s bankrputcyh rate is only about one-third of the rate founfd in Tennessee, the news agency The nationwide bankruptcy rate is 42 percent higher than the rate in thosefive states.
The mere threat of a wage seizurse is enough to cause some people toseek bankruptcy-courrt protection, attorneys told The AP.