Bankruptcy Reform

bankruptcy reform In spite of Georgias strong economy, bankruptcy registers are at record levels. During 1998, the number of filings exceeded 1.43 million countrywide with nearly 97 percent attributable to consumer bankruptcies. These record filings in the midst of a booming economy and low unemployment is realise indication that the system is broken and needs reform. This rapid preen out in personal bankruptcies and a near-record high in assembly line bankruptcies is a trend that must be reversed. L.

Wesley Smith, President of the northwestern United States Georgia Bank in Ringgold and the 1998-99 Chairman of the Georgia Bankers tie-up said, We believe education is single of keys to help consumers and businesses understand the consequences of filing bankruptcy. There are another(prenominal) alternatives to bankruptcy galore(postnominal) mint never consider simply because they ofttimes do not know what to do with mounting debts. off the beaten track(predicate) too many people consider bankruptcy as their first alternative, sort of of their last resort as...If you want to birth a rise essay, order it on our website: OrderCustomPaper.com

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