Reform will offer less time to settle debt

September 1, 2001

Our bankruptcy laws have long provided a safe harbor for troubled medicalpractices and businesses to reorganize, refinance, and begin the turnaroundto profitability free from pressure by their creditors. Now, new bankruptcylaws loom on the horizon that will severely reduce that safe harbor while,at the same time, make it more difficult for both practices and businessesto deal with suppliers and patients/customers who are in, or about to enterinto, bankruptcy.