Bankruptcy: A Disaster Waiting to Happen…And, Unfortunately, Congress Doesn’t Have a Clue

Bankruptcy as a national trend is a disaster waiting to happen. A principal reason is that bankruptcy law no longer serves the people for whom it was written. The law -- and the handling of it -- has evolved to where it is something used by people as a retirement or welfare program, like an entitlement. Their attitude is: "We're entitled to it, so we'll do it."