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However, it may have an unintended consequence: stifling the entrepreneurial spirit in the United States. It's not just debt-burdened consumers who end up in bankruptcy court, snowed under by medical bills and credit card debt, bedeviled by job loss and divorce. Entrepreneurs by the thousands file personal bankruptcy when their businesses go bad.
. Unfortunately, the new bankruptcy law, which goes into effect on Oct. 17, doesn't acknowledge that some individuals rack up debt not because they're irresponsible, profligate spenders, but because they're entrepreneurs, says Westbrook. In fact, business failures are a factor in as many as 17 percent of the 1...
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Common topics in this essay:
- “Sometimes Only The Spirit Of A Tradition Survives; Sometimes Only Its Form. Its Outer Garments, As It Were Remain” (56)
- BUSINESS AND SOCIETY, CORPORATE STRATEGY,
- Bankruptcy Laws in America
- Describe the Human Resource Development (HRD) process and critically examine how HRD programmes can help organisations and its employees to remain competitive in their business.
- Different Types of Business Ownership; +'s and -'s
- Justification For Using A Corporate Business Structure
- Justification For Using A Corporate Business Structure
- new bankruptcy laws
- Selecting A Form of Business Ownership
- The New Bankruptcy Laws
- Types of Business Ownership
- Which Form Of Ownership Is For You
- Business Ownership Types
- Corporate America and Child Labor Laws
- Corporate Ownership of Mass Media
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