Saturday, February 22, 2014
That which must not be named...
Think I've mentioned before that, at one time during my working life I was involved in dealing with people seeking to go bankrupt. But now I learn that the EU want to ban the word bankruptcy. Apparently they see it as "pejorative" and want to replace it with "debt adjustment". I can perhaps see where they're coming from, but I am not convinced, and the word "bankrupt" itself has a specific definition which, unlike the practicalities surrounding the process of "bankruptcy" has nothing to do with dealing with indebtedness, but simply signifies a situation where your liabilities exceed your assets. I don't think "debt adjusted" means the same thing at all.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment