In many Western societies, modern bankruptcy laws have undergone a shift away from a focus on punishment and toward a focus on bankruptcy as a remedy for individuals and corporations in financial troubleβand, .
βββ βββββ ββββββββββ βββ ββββββββββ ββ βββββββββ ββββ ββββββββ ββββββββββββ ββ βββββββββββ βββ βββββββββββ ββ ββββββββββββ βββ βββββββββ ββββββββββ βββββββ ββββ βββ ββββββββββββ ββ βββββββββ ββββ ββββββββ ββββββ ββββ ββββββββ βββββββββββββ ββ ββββ βββββββββββ ββ ββββ βββββ βββββββββββ βββββββββ βββββββ ββββ βββββββ ββ ββ ββββββββ ββββββββββ ββββββ ββββββββββ βββββββ βββββββ ββ ββββββ βββ ββββββββββ βββββββββ ββ βββββ ββ ββββββ ββββ βββββββ βββββ βββ βββββ βββββββ ββββ βββββββββ βββ βββββββ βββββββ ββββββββββ βββ
ββββββ ββββββββββ βββ βββ βββββββββ ββ βββββββ βββ ββββββββββββ ββ βββ ββββββββ βββββββββ βββ
In stating that bankruptcy laws ββββ βββββββ
are often surprised ββ βββββββ ββββββββββββ ββ ββββββββββ ββββββ
We donβt get any discussion of how creditors react. We know that creditors can benefit from the current bankruptcy laws, but thereβs nothing that indicates creditors' reactions to these laws β are they surprised, pleased, supportive, etc. We just donβt know.
have unintentionally become βββ βββββ βββββββββββββ ββ ββββββββββ ββββ
βChiefβ is too strong. Although we know they do benefit, we donβt know that creditors are the main beneficiaries of bankruptcy laws.
were a consideration, ββββββ βββ β βββββββ ββββ ββ βββ βββββββββββ ββ ββββββββββ ββββ
In the line that uses βperhaps unexpectedly,β the author discusses the effects of current bankruptcy laws β theyβre helpful to debtors and to creditors. But the line doesnβt involve what went into the βformulationβ of bankruptcy laws, which involves how they were written. Whatβs unexpected has nothing to do with the writing or making of bankruptcy laws, but rather, with the effect of bankruptcy laws.
are better served ββββ ββ βββββββββββ ββββββββ ββ ββββ ββββββββ ββ βββ βββββ ββββββββ ββ βββββββ β ββββββ βββ βββββββ
The line in which the highlighted phrase appears expresses the idea that bankruptcy laws benefit debtors and creditors. The benefit to debtors is expected; but the benefit to creditors is not, on its face, something weβd expect to happen. But creditors actually do benefit when debtors are helped, because creditors have a higher chance of getting more money back.
were themselves active ββ βββ βββββββββββ ββ ββββββ ββββββββββ ββββ
In the line that uses βperhaps unexpectedly,β the author discusses the effects of current bankruptcy laws β theyβre helpful to debtors and to creditors. But the line doesnβt involve what went into the βformulationβ of bankruptcy laws, which involves how they were written. Whatβs unexpected has nothing to do with the writing or making of bankruptcy laws, but rather, with the effect of bankruptcy laws.
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