Quote of the Day 2/4/04

"Every society has to deal with the problem of how to deal with those who are unable to pay their debts. …. On one end of the spectrum you have being tied to a corpse in a debtors’ prison. On the other end of the spectrum you have bankruptcy where – poof! – your debts are relieved." Prof. Sam Calhoun in Commercial Transactions class on 1/5/04