Do we need to pay our debts?

Exploring the reasons people might find themselves with problematic levels of debt, the options open to those in financial trouble and how bankruptcy laws could be used more impactfully to the benefit of both individuals and society; this month we revisit an episode from 2023 which asks, “Do we always need to pay our debts?” It's a question that has come back into focus recently as the UK continues to grapple with elevated interest rates and the lingering effects of inflation, putting increasing pressure on household budgets and reigniting debates around debt and repayment. Jess Winterstein talks to: Dr Joseph Spooner, Associate Professor in the LSE Law School and author of Bankruptcy: the case for relief in an economy of debt, and Sara Williams, founder of debt advisory website Debt Camel. https://debtcamel.co.uk/ LSE iQ is a university podcast by the London School of Economics and Political Science. We’re keen to find out more about our audience so we can better tailor our content to suit your interests. With this in mind, we would be grateful if you could please take the time to fill out this short survey and share your feedback. https://forms.office.com/Pages/ResponsePage.aspx?id=_epnVXfnpUKRu5RA_UO4k9i3ygPzxbNDuStfrFFNRBNUMzYxS1BITDlHTkdYMVhaVE9LRDhNQkxaVC4u