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The Chicago Tribune has this interesting article on the state of debt collections in Chicago, noting that Cook County courts are clogged with more than 119,000 civil lawsuits against alleged debtors. Many of these cases involve mistaken identities or debts that have already been paid.
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When you say many cases involve paid debts or mistaken identities, how many do you mean? Is it many percentage-wise?
Posted by: Otto | Tuesday, June 10, 2008 at 09:16 AM
There's no clear answer on that. The evidence in the article is mostly anecdotal, but it suggests a growing problem.
Posted by: Greg | Tuesday, June 10, 2008 at 02:31 PM