Legality of naming people who owe money

Ive been invited to a group on facebook who is threatening to write the names of people who owed money to them. They are planning on giving these names over the Internet. I believe this to be illegal is it? What law are they breaking? Said people have gone out of business because of it and are now threatening to expose them unless they pay what they owe.
      Answer1:I cant see anything illegal about that apart from libel if theyre lying about it or people think theyre talking about someone else.
      Answer2:well the people should know to pay up when the time cums. plus the 1st amendment freedom of speech so not much you can do and they can just be lie-ing so what ever if you think it is wrong you can protest.
      Answer3:If people owe you money, to name and shame might be a good idea, but if they then paid, would you have to say so and remove them from the site?Dont know if its illegal, but would facebook allow a group to do this if it was.Would be interested to know the name of the group and how they get on.
      Answer4:UK....they dont have a freedom of thing, right?I would look up liable and/or slander laws. Of course over here (USA) if its true, its not considered slander per say.
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