1. By the end of that epic struggle, Eastern had come to symbolize the worst of labor-management conflict and a flawed bankruptcy system. 2. Consumer groups also see abuses in the bankruptcy system, but by lenders. 3. He had joined Republicans in seeking an overhaul of the bankruptcy system, and his name gave the process bipartisan credibility. 4. His idea is modeled on the U.S. bankruptcy system, which allows judges to put creditors on hold while a settlement is reached. 5. If we are reluctant to close some of the holes in the social safety net for families, then we might be better off leaving the bankruptcy system alone. 6. It maintains that the bankruptcy system allows too many people to write off all their debts even when they have enough assets to repay some. 7. Last year, both the House and Senate adopted competing legislation overhauling the bankruptcy system. 8. LENDERS BACK BANKRUPTCY OVERHAUL The credit card and banking businesses are spending millions of dollars to push for the first big overhaul of the bankruptcy system in two decades. 9. SENATE PASSES BANKRUPTCY REFORM The Senate approved a measure to overhaul the bankruptcy system and make it harder for consumers to walk away from their debts. 10. Supporters insisted their votes were not influenced by political donations, but by the abuses of the bankruptcy system that force up interest rates for all debtors. |
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