1. When the trustee does not elect to continue the action and to give security, the defendant may use the bankruptcy as a defence. 2. Bradlees Inc. and Ames Department Stores, among others, have used bankruptcy as a safe harbor where they can fix their problems. 3. In any event, Casual Male said it will use bankruptcy to clean up its balance sheet, close some unprofitable stores, and open some new ones. 4. Local authorities have used bankruptcy to unseat the owners of all the largest enterprises. 5. Retailers often use bankruptcy as a chance to regroup and close unprofitable stores. 6. Some creditors accused him of hiding assets and using the bankruptcy process to shut them out. 7. The belief by those pushing bankruptcy reform is that too many consumers are using bankruptcy as an easy way to elude creditors. 8. The change was opposed by the asbestos industry, where bankruptcy has been used as an alternative to paying staggering liability fines. 9. Heavy political and bureaucratic opposition has blocked most attempts to use bankruptcy to force companies to pay their debts. 10. The House has quickly approved legislation making it tougher for people to use bankruptcy to erase credit-card and other debts. |
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