Posted by & filed under Financial Planning, Growth & Valuation, Management Issues, Personal Finance.

Description: How an obscure legal document turned New York’s court system into a debt-collection machine that’s chewing up small businesses across America.

Source: Bloomberg.com

Date: Nov 20, 2018

Link: https://www.bloomberg.com/graphics/2018-confessions-of-judgment/?srnd=businessweek-v2

Questions for discussion:

  • Why are small business people typically the target?
  • How can they protect themselves from this risk?
  • Is there a role for government here?

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