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Topic: Business
Number of pages / Number of words: 8 / 2002
Essay's paper body

Although bankruptcy forms have a box for individuals to check that their debts are business debts, relatively few do. The current form forces a choice between consumer debts and business debts.

"All laws have unintended consequences," Litan says, referring to the new bankruptcy law that President Bush signed last month...


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The current form forces a choice between consumer debts and business debts.

"All laws have unintended consequences," Litan says, referring to the new bankruptcy law that President Bush signed last month. "That's the rule in Washington. The only question is how significant they are. In the case of the (new) bankruptcy law, all I can say is that it may turn out that one of the unintended consequences of the law will be to erect roadblocks for new business formation...


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