Weak Enforcement of the Bankruptcy Laws :: Expository Exemplification Essays

Weak Enforcement of the unsuccessful person Laws In an article in The Business ledger Mukherjee tells of A health club executive in Texas persuaded a nonstarter judge that his Rolex watch was off-limits to the credenceors because the watch was a part of his have a bun in the oven and personality. Stripping it would make him feel naked (69). They even let him move it. This is the kind of thing that need to be dealt with. It skilful sends an image that the political relation and the courts want deal to get away with loser prank. Bankruptcy is no new thing. There be some community who need it just to survive and there are others who take advantage of the way it works. When they do that, they are looking for a way that they can keep completely their money but get rid of their debts. quite a little think of some(prenominal) ways to take advantage of unsuccessful person. Sometimes the FBI cant find all of the fraud and then the tax turn overers suffer. The people commit ing the frauds are also making bankruptcy look bad. While in reality, it is one of the best ways for people to get back on their feet. More states need to focus on investigating their bankruptcy frauds and then prosecuting them. John R. Roberts, a bankruptcy attorney, states that bankruptcy is nothing more than a fresh financial start. It is designed to service of process those who are in debt beyond a reasonable means to pay (online). This is only if the person in debt didnt get there through anything dishonest. People get in debt for a number of things like losing their job, accidents, and business failure. When that happens people have different options of bankruptcy or different sections of the banckruptcy ammendment to choose from. The more or less common is Chapter Seven. This section allows you to sell some of your assets to clear as untold of the debt as possible. In most cases, it also permits you to keep your property. Chapter 13 is for those who are temporarily in deb t. It helps to set up payments that are reasonable for the debtor. (online) Bankruptcy is a way for a person to regain their life. After getting so far in debt some people have no way out. In an article published in Newsweek, The Sorry stance of Sears, McCormick tells about a recent case involving Sears. Sears was using a credit card and issuing it out to anyone that would use it.