t harm will of course be felt only by those whose financial straits become so severe that they are forced to declare bankruptcy.
However, it can be argued that the indirect harm will extend well beyond those who declare bankruptcy, in two respects. By removing the option of debt forgiveness in a financial crisis, the stress on middle-income families in general will be increased. This is a non-trivial concern at a time when the informal institutions of
BANKRUPTCY REFORM
Lobbying for Morality?
The. (1969, December 31). In LotsofEssays.com. Retrieved 00:51, May 05, 2024, from https://www.lotsofessays.com/viewpaper/1703382.html
Lots of Essays. "BANKRUPTCY REFORM
Lobbying for Morality?
The." LotsofEssays.com. LotsofEssays.com, (December 31, 1969). Web. 05 May. 2024.
Lots of Essays, "BANKRUPTCY REFORM
Lobbying for Morality?
The.," LotsofEssays.com, https://www.lotsofessays.com/viewpaper/1703382.html (accessed May 05, 2024)