Bankruptcy reform: worse than nothing

Article Abstract:

The National Bankruptcy Review Commission has arguably damaged the US economy by passing measures designed to make bankruptcy easier. The measures have increased costs associated with credit offerings, generating higher interest rates, taxes and prices. The measures have also paved the way for bankruptcy filings to reach a record 1.16 million in 1996, three times the level of 1980 with only a 19% period growth. It is anticipated that the huge losses of credit granters will minimize credit availability, thus bringing in higher inflation and borrowing costs. The Commission is urged to address issues and concerns associated with the Bankruptcy Code. It is also encouraged to consider the various factors influencing bankruptcy reform in the country. These include the marketing of personal bankruptcy services and the social issues attached with bankruptcy.

Bankruptcy

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Bankruptcy Impasse: The Facts

Article Abstract:

Chances for resolution of the impasse over bankruptcy judgeships seem remote at the present time. The basis of the conflict is the issue of amending the Bankruptcy Act of 1978. Some individuals wish to make substantial changes in the act while others feel the system should remain as is. Another issue has arisen to complicate the situation. This issue involves Presidentially appointed Federal judgeships. The history of this conflict, and the latest developments are described.

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Chapter 11 stress

Article Abstract:

The legal framework of Chapter 11, by which troubled companies hold off creditors while they reorganize themselves, does not show that the creditors and shareholders are getting a good deal for their money.

United States, Bankruptcy reorganizations, Bankruptcy reorganization, Company bankruptcy

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