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Sun Coast Gondolier in Venice, Florida

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Newspaper

Sun Coast Gondolier

Location

Venice, Florida, United States of America

Date

May 20, 1982

Page

23

Credit industry seeks changes to 1981 bankruptcy plan

Sarasota CBS chief says the 1979 act fuels rising bankruptcies and higher credit costs. He cites a Sarasota couple who stayed out of Chapter 7, negotiated with creditors, liquidated stock, moved to smaller space, and rebuilt credit with discipline as proof separable from reform.

Credit Bureau of Sarasota CBS Congress Eugene Hand Hand Dun & Bradstreet Credit Bureau of Sarasota

Bankrupts face slim credit chances and long debt cleanup

The source notes: a bankrupt has about a one in a thousand chance of obtaining credit under most circumstances. It is described as a proven bad risk. It typically takes about five years to clear up bad debt.

Michael MacDougall Southeast Bank N.A Venice Venice-Nokomis Bank and Trust Co William Gibson

Also Mentioned on This Page

Credit Mgr National Retail Merchants Association Sarasota County Honor Eugene Hand Kathy Ryder Wickes Lumber Englewood McCall Road Wickesport Charlotte Industrial Park Highway Murdock Laanan Rattan Magazine Lamp Sale Action TV S. Trail Shaggy Dog Venice Ave Badcock’s H.p Goulds House Goulds Professional Dealers Association
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