Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Why is it easier to file for bankruptcy as a corporation then it is as an individual?

4 Answers

Relevance
  • Anonymous
    7 years ago

    You should take a look at the options you can find at: CREDIT-SOLUTIONS.INFO-

    RE Why is it easier to file for bankruptcy as a corporation then it is as an individual?

    http://money.cnn.com/2005/04/20/pf/bankruptcy_bill...

  • 7 years ago

    Bankruptcy laws were changed just past the late 90's in anticipation of the impending economic crash. The ability to predict outcomes and anticipated shifts in the economy are big business advising roles. The problem is, we do not have the time or ability to hold off on an adequate resolution without risking the actual Capitalist system considering additional national security risks. Another attack on the States literally guarantees a cohesive shift in the transition of the economy via both republican and democratic representatives.

  • Anonymous
    7 years ago

    I guess corporations aren’t people after all, eh?

    They also don’t pay the tax rate I pay.

    They also actually get away with murder. Hard to put a corporation into an electric chair.

    Imagine if an INDIVIDUAL DUMPED HUNDREDS OF THOUSANDS OF GALLONS OF TOXINS INTO YOUR GROUNDWATER - as Koch Industries have done - would that person get just a little fine that amounted to 1% of his earnings? Nope. Probably attempted manslaughter. Since people HAVE DIED AS A RESULT OF THEIR ACTIONS.

  • Corporations have lawyers on staff

Still have questions? Get your answers by asking now.