Before BAPCPA reform and before REFCO filed bankruptcy on little ole me – I wrote the above. It was published in the Deseret News editorial section. It was the first time that my efforts had been published on anything other than my educational “permanent record.” So I framed it – here, on yellow craft paper with a purple border and staples to keep it rigid. Kym found it while purging documents from the filing cabinet earlier today.
Life has revolved full circle. Fourteen years ago I was employed by debtor’s counsel and today I am employed by The Office of The Standing Chapter Thirteen Trustee (aka The Good Trustee). Insolvency laws have changed significantly and I’ve been blessed to be a creditor in the largest corporate bankruptcy in over a century. From a purely experiential perspective, I can relate to three out of the four primary parties in a bankruptcy case: debtor, creditor, and trustee. The considerations of a judge are lacking. And so, as I reflect on this article, the tender naivete of my youth has me feeling a bit sheepish. On the other hand, there isn’t a statement regrettable enough to retract. So here it stands, re-published, so to speak, for posterity.
Oh, and here is a quote that always makes me chuckle: “The bankruptcy community is an incestuous thing.” -Thomas D. Neeleman (aka-Rob). Special thanks to Maegan for reminding me of that one.