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WHAAAT!??: In 1935, when Lincoln was a state legislator, he introduced a bill that would provide debt relief for debtors. The bill did not pass.
Lincoln was alive during the Great Depression??? Woah! Who did John Wilkes Booth kill in the theatre then??
A simple typo Joe. Thanks for the catch. We made the change.
Would be nice to do an article on how many current politicians have filed bankruptcy since they pointed out Trump’s record, might be interesting to see.
It could be that it was because of their civic involvement that these politicians ended up in bankruptcy. Remember that, until recently, politics were for the common men, not career choices.
Why Some Democratic Senators Want To End Non
ALONG LEGAL chapter in Americas opioid epidemic, which continues to kill tens of thousands of people a year, at last came to an end on September 1st when a federal judge in New York approved the bankruptcy plan of Purdue Pharma, which developed and manufactured OxyContin, a highly addictive painkiller. The deal settled thousands of lawsuits against the firm filed by states, localities, tribes and individuals. Purdue will be reorganised as a public-benefit company called Knoa Pharma, and its future profits will go towards alleviating the damage done by opioid addiction. Members of the Sackler family, who own Purdue, will relinquish control of the firm and contribute $4.5bn to the settlement. But nine states and Washington, DC, opposed the final deal and some will appeal against it. Their objections stem from a legal arrangement shielding parties associated with bankrupt companies from liability. Many people want it changed.
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This article appeared in the United States section of the print edition under the headline “Released”
Are They Guilty
Investigations, settlements, and resignations do not imply guilt. Some investigations are motivated by politics or a personal grudge, settlements are often used when it would be less costly than defending a law suit, and legislators often resign when they are likely to lose re-election (regardless of why). We include investigations even if the legislator is exonerated because the investigation and exoneration are themselves important events that it is a part of our mission to chronicle.
Conversely, an investigation that ends without a guilty determination does not imply innocence — Congress polices itself in many cases and legislators are reluctant to punish their peers.
Not all misconduct is treated equally, and the types of misconduct that have consequences have changed drastically over time. You won’t see sexual harassment before the 1980s, but you will see overt racism, enforcement of sodomy law, and murder.
Myth #: People Who File For Bankruptcy Are Stealing And May Go To Jail
Totally False. Each year, over one million people choose to file for bankruptcy, whether through Chapter 7 or Chapter 13. These are good people, just like you, who are in difficult financial situations.
While there is always a bad seed in every group, the majority of bankruptcy filers are in desperate need of relief and turn to the advantages of bankruptcy to assist them through this difficult time. Whether you lost your job and cant pay your credit cards, or became ill or injured and incurred significant medical bills, you are not a bad person for choosing bankruptcy relief.
Congress created the federal bankruptcy laws to assist hard working people eliminate their debts and move on with their lives. If you are facing this type of hardship, our Firm can help.
Read Also: How Many Bankruptcies Does Donald Trump Have