How much debt should creditors forgive?

Authors :: Goodrich, Lawrence J.
Source :: Christian Science Monitor. 11/6/97, Vol. 89 Issue 240, p1.
Publication Year :: 1997
Abstract: Examines the rise of consumer bankruptcies in the United States. Figures for 1996, exceeding the previous high in 1978; Complaints from creditors that the system favors abandoning debt; The effect of bankruptcy-related losses, passed on through higher prices and interest rates; Power granted Congress, in this area, in the Constitution; Public debate and a report from the congressionally-appointed National Bankruptcy Review Commission; Examples of abuse; Legal details; Comments.