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Melissa B. Jacoby

@mbjacoby.bsky.social
722 followers 443 following 96 posts

UNC-Chapel Hill professor; author of Unjust Debts; pieces in NYTimes, The Nation, etc. I see collateral everywhere. www.mbjacoby.org/unjustdebts.

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Melissa B. Jacoby @mbjacoby.bsky.social · 18/08/2026
A tribute to University of Chicago Professor and Vice Provost Randy Picker.
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Melissa B. Jacoby @mbjacoby.bsky.social · 25/06/2026
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Melissa B. Jacoby @mbjacoby.bsky.social · 25/03/2026
Joe Smith has seen a lot from his experiences with banking and financial crises. I always learn from him, and perhaps you will too.
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Melissa B. Jacoby @mbjacoby.bsky.social · 18/03/2026
Good news is made to be shared!
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Melissa B. Jacoby @mbjacoby.bsky.social · 15/03/2026
A red carpet question: to what extent can the Academy Awards restrict how winners use their Oscar statues via contract? creditslips.org/2026/03/14/o...
creditslips.org
An Oscar-Backed Loan? A Quick Academy Awards Special Edition – Credit Slips
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Melissa B. Jacoby @mbjacoby.bsky.social · 14/03/2026
creditslips.org/2026/03/14/o...
creditslips.org
An Oscar-Backed Loan? A Quick Academy Awards Special Edition – Credit Slips
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Melissa B. Jacoby @mbjacoby.bsky.social · 09/03/2026
WKNO FM public radio just re-aired this NPR book of the day segment; new Unjust Debts readers welcomed! www.wknofm.org/book-of-the-...
wknofm.org
Two nonfiction books take critical views of bankruptcy and microlending systems | Book of the Day
Two nonfiction books question the efficacy of financial systems that are meant to help lift people out of poverty. In Unjust Debts, law professor Melissa Jacoby argues that bankruptcy in the United St...
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Melissa B. Jacoby @mbjacoby.bsky.social · 24/02/2026
Have you watched this yet? 17+ minutes on The Daily Show of substantive conversation about a serious book, The Middle-Class New Deal. Proud to know you, Professor Dickerson!
Screen shot of Professor Mechele Dickerson talking to John Stewart on The Daily Show
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Chris Hampson @chrishampsonlaw.bsky.social · 10/12/2025
I reviewed "Unjust Debts" by @mbjacoby.bsky.social for the American Journal of Law and Equality. It's a great book, and if you haven't gotten a copy, you really should! direct.mit.edu/ajle/article...
direct.mit.edu
MISSION CREEP OR MISSION FAILURE? A Review of Melissa Jacoby’s Unjust Debts
Bankruptcy law is not an area that most lawyers or law professors, much less the public, usually think about. Like death or taxes, we avoid worrying about such things until they stand at the gate. But...
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Melissa B. Jacoby @mbjacoby.bsky.social · 02/12/2025
A Wall Street Journal podcast inspired me to start this blog post. Edgar Allan Poe and FirstBrands inspired me to finish it. creditslips.org/2025/12/02/b...
creditslips.org
Bonfire at the Repo Lot – Credit Slips
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Melissa B. Jacoby @mbjacoby.bsky.social · 27/10/2025
The study on hospital collection lawsuits linked in this post is worth your time and attention.
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Melissa B. Jacoby @mbjacoby.bsky.social · 07/08/2025
A reasonable plea for accuracy in counting corporate bankruptcies from @boblawless.bsky.social www.creditslips.org/creditslips/...
creditslips.org
Chapter 11s Did Not Spike in July 2025 - Credit Slips
There were a number of reports that commercial chapter 11 filings jumped dramatically in July 2025. Unfortunately, these headlines appear to be from junk data and from sources that should know better ...
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Dalié Jiménez @dalie.bsky.social · 05/08/2025
My contribution to this fantastic @brooklynlawschool.bsky.social symposium is here: papers.ssrn.com/sol3/papers..... It's both too long (for the symposium) and too short (much more to say), but I think just the beginning.
Missing Strugglers: Debt's Reach, Bankruptcy's Limits, and a Proxy for Who's Left Out

Forthcoming Brooklyn Journal of Corporate, Financial & Commercial Law

18 Pages Posted: 4 Aug 2025
Dalié Jiménez

University of California, Irvine School of Law; Harvard Law School - Center on the Legal Profession

Date Written: July 31, 2025
Abstract

This essay uses Debt's Grip as a point of departure to examine how debt operates as a system of social control in the United States. While the book offers a vivid portrait of those who file for bankruptcy, it also gestures toward a broader reality: millions of financially distressed individuals who never access relief. Drawing on legal scholarship and political theory, this Essay argues that debt disciplines individuals, fragments solidarity, and undermines democratic agency. It proposes a new metric-the ratio of debt collection lawsuits to bankruptcy filings-as a proxy for unmet need, revealing a population of "missing strugglers" visible to creditors but excluded from legal protection. The analysis calls for reimagining legal and political responses to financial distress beyond the bankruptcy system.

Keywords: bankruptcy, consumer bankruptcy, debt collection, consumer debt, Debt's Grip
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Melissa B. Jacoby @mbjacoby.bsky.social · 05/08/2025
New book alert!
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ProMarket @promarket.bsky.social · 23/07/2025
NEW: Anat R. Admati reviews "Unjust Debts: How Our Bankruptcy System Makes America More Unequal" (2024) by Melissa B. Jacoby. www.promarket.org/2025/07/23/o...
promarket.org
Is the US Bankruptcy System Morally Bankrupt? - ProMarket
Anat R. Admati reviews Unjust Debts: How Our Bankruptcy System Makes America More Unequal (2024) by Melissa B. Jacoby.
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Melissa B. Jacoby @mbjacoby.bsky.social · 14/07/2025
Join in livestream - tomorrow, July 15, 2025 at 10am Eastern judiciary.house.gov/committee-ac...
judiciary.house.gov
Bankruptcy Law: Overview and Legislative Reforms
WASHINGTON, D.C. - The House Judiciary Subcommittee on the Administrative State, Regulatory Reform, and Antitrust will hold a hearing on Tuesday, July 15, 2025, at 10:00 a.m. ET.
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Politics and Rights Review @polrightsrev.bsky.social · 16/06/2025
Prof. Melissa B. Jacoby argues that the U.S. bankruptcy system doesn’t just reflect inequality—it reinforces it. In Unjust Debts, she shows how bankruptcy law privileges corporations over people. politicsrights.com/making-ameri... #bankruptcy @mbjacoby.bsky.social‬ #politicsandrightsreview
politicsrights.com
Making Americans Bankrupt Again?
How U.S. bankruptcy law deepens inequality—Melissa Jacoby’s Unjust Debts exposes a system that punishes the vulnerable and protects the powerful.
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Melissa B. Jacoby @mbjacoby.bsky.social · 06/06/2025
An essay by my friend Stephanie Schantz that offers food for thought for everyone: www.huffpost.com/entry/infert...
huffpost.com
I've Spent The Last 20 Years Trying To Become A Mom. Today I Have Big News To Share.
"Parenthood wasn’t just something I wanted — it became the definition of who I thought I was supposed to be."
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Melissa B. Jacoby @mbjacoby.bsky.social · 29/05/2025
Debtor-creditor relationships are everywhere, including and especially in health care. Glad to see new journalistic coverage of these medical credit products and their implications in the @prospect.org @mirya.bsky.social papers.ssrn.com/sol3/papers....
papers.ssrn.com
Managing Medical Bills on the Brink of Bankruptcy
The Patient Protection and Affordable Care Act of 2010 aims to expand coverage for the uninsured and regulate out-of-pocket expenses to some extent. Yet, this
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Melissa B. Jacoby @mbjacoby.bsky.social · 28/05/2025
A new book: Sharing Risk, by Professor Pat McCoy, came out yesterday. I'll be reading it for sure. www.ucpress.edu/books/sharin...
ucpress.edu
Sharing Risk by Patricia McCoy - Hardcover
Scholarship is a powerful tool for changing how people think, plan, and govern. By giving voice to bright minds and bold ideas, we seek to foster understanding and drive progressive change.
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Melissa B. Jacoby @mbjacoby.bsky.social · 27/05/2025
More on the bankrupt 23andMe, this time in the British Medical Journal
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Melissa B. Jacoby @mbjacoby.bsky.social · 27/05/2025
Were I in the DC area you would find me here. Book events at public libraries are a special thing. And opportunity to hear from a journalist with extensive experience reporting on student loans.
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Melissa B. Jacoby @mbjacoby.bsky.social · 09/05/2025
As bankruptcy filings rise, here's a conversation with Greg LaBlanc(recorded in April, released today, May 9). @thenewpress.bsky.social podfollow.com/unsiloed-wit...
podfollow.com
unSILOed with Greg LaBlanc: 538. Bankruptcy, Inequality, and the Quest for Fairness feat. Melissa B. Jacoby
What are the broader implications of specialized bankruptcy courts on the U.S. legal system? How are bankruptcies being used and misused by debtors and creditors today?Melissa B. Jacoby is a profes...
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Melissa B. Jacoby @mbjacoby.bsky.social · 30/04/2025
Unjust Debts heading back to a bookstore on May 9 - Scuppernong Books, Greensboro, NC, in conversation with a former NC Supreme Court justice. Details below. scuppernongbooks.com/event/2025-0...
scuppernongbooks.com
Melissa Jacoby, Unjust Debts
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NPR's Planet Money @planetmoney.bsky.social · 26/04/2025
When 23andMe filed for bankruptcy in March, the fate of its vast genetic database became unclear. In today’s episode, we look at what might happen to the genetic data of 15 million 23andMe customers as the bankruptcy process unfolds.
buff.ly
How 23andMe's bankruptcy led to a run on the gene bank : Planet Money
Reporter Alexi Horowitz-Ghazi's Aunt Vovi signed up for 23andMe back in 2017, hoping to learn more about the genetic makeup of her ancestors. Vovi was one of over 15 million 23andMe customers who…
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Melissa B. Jacoby @mbjacoby.bsky.social · 18/04/2025
23andMe bankruptcy currently has more active oversight than the federal government in the last 3 months. If members of Congress want to protect Americans' data privacy, they could hold DOGE accountable for its risky business.
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Melissa B. Jacoby @mbjacoby.bsky.social · 11/04/2025
Whether intentional or mere indifference, effect is the same... www.wsj.com/economy/trad...
wsj.com
Smallest Businesses Are Biggest Losers in Global Tariff War
Uncertainty about President Trump’s tariffs is leading many small businesses to interrupt or halt production because they can’t absorb price hikes and lack leverage to negotiate.
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Marketplace @marketplace.org · 02/04/2025
Johnson & Johnson tried 3 times to resolve talc suits in bankruptcy court. It didn’t work. We get into it.👇
marketplace.org
Why Johnson & Johnson is in bankruptcy court over its talc powder - Marketplace
A federal bankruptcy judge has rejected Johnson & Johnson’s latest attempt to settle lawsuits that allege its talc baby powder caused cancer.
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Melissa B. Jacoby @mbjacoby.bsky.social · 05/04/2025
Inflicting too many outrages, in too many illegal ways, to fit on a sign was the strategy...and I'm on my way to a march in NC.
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Melissa B. Jacoby @mbjacoby.bsky.social · 01/04/2025
Having reread, want to emphasize that decision below is important read on lawyers' professional responsibility (and role of claims agent businesses) when firms represent large numbers of claimants.
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Melissa B. Jacoby @mbjacoby.bsky.social · 01/04/2025
Bankruptcy court in Texas says J&J's third bankruptcy to cap liability for talc harm must be dismissed. Here is decision: document.epiq11.com/document/get...
document.epiq11.com
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Melissa B. Jacoby @mbjacoby.bsky.social · 26/03/2025
new bankruptcy/sovereign immunity decision from #SCOTUS www.supremecourt.gov/opinions/24p...
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Melissa B. Jacoby @mbjacoby.bsky.social · 24/03/2025
Recirculating now that 23andMe has filed for bankruptcy...
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Melissa B. Jacoby @mbjacoby.bsky.social · 12/03/2025
Thanks to the Harvard Law Review for publishing a review of my book Unjust Debts, particularly by such a thoughtful scholar, Berkeley Law Professor Abbye Atkinson. harvardlawreview.org/print/vol-13... @thenewpress.bsky.social
harvardlawreview.org
Who's Afraid of Bankruptcy - Harvard Law Review
Introduction Who’s afraid of a bankruptcy filing? Perhaps we all should be given the increasingly outsized role that bankruptcy law plays in our market...
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Melissa B. Jacoby @mbjacoby.bsky.social · 10/03/2025
Save the date: friends and fans of Juliet Moringiello - please join virtually an event on March 20, 2025 1pm ET. Details at @creditslipsblog.bsky.social www.creditslips.org/creditslips/...
creditslips.org
Virtual Access to Event in Memory of Juliet Moringiello March 20 2025 - Credit Slips
Widener University Commonwealth Law School will hold an event honoring Professor Juliet Moringiello on March 20, 2025 at 1pm ET. Friends and fans of Juliet are welcome and encouraged to join virtually...
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Melissa B. Jacoby @mbjacoby.bsky.social · 06/03/2025
In memory of Professor Juliet Moringiello. www.creditslips.org/creditslips/...
creditslips.org
Juliet Moringiello - One of the Greats - Credit Slips
Juliet Moringiello was an amazing person. Her alchemy of brain and spirit and energy and heart and common sense made a positive difference for so many people, across disparate places and professions. ...
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Melissa B. Jacoby @mbjacoby.bsky.social · 06/03/2025
Link now includes an interview with Prof. Sara Gerke... www.nejm.org/doi/full/10....
screen shot of New England Journal of Medicine twitter post including quote from article at link
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American Bar Association @americanbar.org · 03/03/2025
The ABA rejects efforts to undermine the courts and the legal profession. Read full message: www.americanbar.org/news/abanews...
We speak today on behalf of the legal profession and its members who seek to live by the oath each took upon admission to the bar.

We reject efforts to undermine the courts and the profession. We will not stay silent in the face of efforts to remake the legal profession into something that rewards those who agree with the government and punishes those who do not. Words and actions matter. And the intimidating words and actions we have heard must end. They are designed to cow our country’s judges, our country’s courts and our legal profession. These efforts cannot be sanctioned or normalized.

There are clear choices facing our profession. We can choose to remain silent and allow these acts to continue or we can stand for the rule of law and the values we hold dear. We call upon the entire profession, including lawyers who serve in elected positions, to speak out against intimidation. We acknowledge that there are risks to standing up and addressing these important issues. But if the ABA and lawyers do not speak, who will speak for the organized bar? Who will speak for the judiciary? Who will protect our system of justice? If we don’t speak now, when will we speak?

The American Bar Association has chosen to stand and speak. Now is the time for all of us to speak with one voice. We invite you to stand with us.
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Melissa B. Jacoby @mbjacoby.bsky.social · 03/03/2025
Speaking of debt and health... if you are in New Haven tomorrow, please join in for a health-focused Unjust Debts event. law.yale.edu/yls-today/ya...
law.yale.edu
“Unjust Debts,” Book Talk with Melissa Jacoby
Please join the Solomon Center for a discussion with Professor Melissa Jacoby as she discusses her book "Unjust Debts."
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Melissa B. Jacoby @mbjacoby.bsky.social · 03/03/2025
New in the New England Journal of Medicine ... www.nejm.org/doi/full/10.... (screenshot from the other place)
Screen shot of twitter post from Petrie-Flom Center announcing article
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Melissa B. Jacoby @mbjacoby.bsky.social · 25/02/2025
The Unjust Debts audiobook is released today. rbmediaglobal.com/audiobook/97...
rbmediaglobal.com
RBmedia | Unjust Debts
Listen to the audiobook Unjust Debts, written by Melissa B. Jacoby, narrated by Jennifer Walden.
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Melissa B. Jacoby @mbjacoby.bsky.social · 24/02/2025
And article below links to Forbes, which quotes chief economist at Apollo Global Management... www.apolloacademy.com/downside-ris...
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Melissa B. Jacoby @mbjacoby.bsky.social · 20/02/2025
Remembering Brady Williamson www.creditslips.org/creditslips/...
creditslips.org
Remembering Brady Williamson - Credit Slips
Brady Williamson, a remarkable person, has died at the age of 79. Brady's engagement with the field of bankruptcy law is diverse and of long standing, from arguing before the United States Supreme Cou...
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Andrea Tosato @andreatosato.bsky.social · 29/01/2025
1/ 🚨New paper alert! 🚨 Excited to share my latest paper co-authored with the amazing @profthebruce.bsky.social and @chrisodinet.bsky.social : ==Bankrupt Crypto Organizations== papers.ssrn.com/sol3/papers....
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@alvinvelazquez @alvinvelazquez.bsky.social · 23/01/2025
I really enjoyed reading this blog post as a bankruptcy law scholar. It recaptures the need to rethink the moral dimension of bankruptcy.
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Melissa B. Jacoby @mbjacoby.bsky.social · 22/01/2025
state commercial law in the news
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Melissa B. Jacoby @mbjacoby.bsky.social · 11/12/2024
Bankruptcy in the news, squared. Although I followed this closely in its earlier chapter 11 iterations, and have studied bankruptcy sales for a long time (with @tjanger.bsky.social) would not have predicted these latest twists and turns.
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Melissa B. Jacoby @mbjacoby.bsky.social · 10/12/2024
For those interested in forum and judge shopping in federal court, or bankruptcy more specifically.
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Melissa B. Jacoby @mbjacoby.bsky.social · 09/12/2024
Yes indeed.
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WUNC News @wunc.org · 06/12/2024
Astronomers at UNC-Chapel Hill have found one of the youngest known planets in the galaxy. The planet IRAS 04125+2902 b, or TIDYE-1b, is about three million years old. Compared to Earth at 4.5 billion years old, that's like discovering a two-week-old infant. www.wunc.org/news/2024-12...
wunc.org
UNC astronomers found a 'baby' planet. It's only millions of years old
At about three million years old, TIDYE-1b is like finding a two-week-old infant when compared to Earth.
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