61.   Even before sending it to Congress, the authors of a proposed revision to the federal bankruptcy law have begun squabbling over its conclusions.

62.   Enron also pushed last year to change bankruptcy laws.

63.   Federal bankruptcy law permits trustees to seek the return of gifts distributed during the year before someone declares bankruptcy.

64.   Federal bankruptcy laws favor incumbent management, and judges are generally loathe to unseat executives in all but the most egregious cases.

65.   For countries, there is no bankruptcy law, and they are sure to keep operating.

66.   For this reason, Tennessee is a proving ground for the principal change in the proposed bankruptcy law, now being refined in a Senate-House committee.

67.   Further, refusal to pay could jeopardize any benefits being received under the bankruptcy laws.

68.   Given complex bankruptcy laws that make it difficult to seize assets, creditors had no choice but to wait.

69.   He charges that one of the defendants, Dow Corning, lied to Congress, abused federal bankruptcy laws and is delaying payment to victims with more litigation.

70.   He also said that it was too early to tell whether the firm could be reorganized under bankruptcy law and continue operating as a much smaller company.