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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
Michael MacDougall
Southeast Bank
N.A
Venice
Venice-Nokomis Bank and Trust Co
William Gibson
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Credit Mgr
National Retail Merchants Association
Sarasota County
Honor Eugene Hand
Kathy Ryder
Wickes Lumber
Englewood
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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