IS BANKRUPTCY BAD?
In calendar year 1999, thousands of
individuals sought the relief from debts and
claims of creditors by petitioning for bankruptcy.
With that huge number of people seeking relief
from their debts and the claims of their creditors,
much of the stigma of going bankrupt has gone
away.
In addition to providing relief from debts
and obligations for individuals, many long
established blue chip companies such as Texaco
have used the provisions of the insolvency
laws. |
