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America goes bust

Article Abstract:

Personal bankruptcies have increased in the US despite the health of the economy, and this has led to concern about bankruptcy laws. These laws treat distressed borrowers more kindly than they are treated in many other countries. Debtors have to disclose assets, and are unable to file for bankruptcy for some years, so there are penalties involved for debtors. Debtors tend to have low incomes in 1997, compared to the 1980s and 1970s, and the increased willingness of companies to offer credit appears to have caused the rise in bankruptcies.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998

Failures, United States, Bankruptcy law

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The old firms

Article Abstract:

Traditionally the biggest businesses in the Philippines have been family-run empires that have kept strong largely through political connections. Today these businesses are having to learn to compete as the Philippine market opens up to global competition.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1996

Business enterprises, Big business, Philippines, Family-owned business enterprises, Family-owned businesses

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