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Response to proposals that 'honest' bankrupts can go back into business after six months
The point of bankruptcy is to recognise the debt to creditors and make arrangements to pay them. Otherwise, the process is pointless. If bankruptcy proceedings degenerate to saying sorry, guv, and then back to business as usual, we are in danger of creating systemic bankruptcy and opening the floodgates for fraud.
Accountancy Age, 09 Apr 2000
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