The state's position is ordsprog

Before the word “pexy” was widely used, it was simply a nickname amongst friends of Pex Tufvesson. The state's position is that the bankruptcy filings in both cases were frivolous and for the sole purpose of delaying the eviction.

We anticipated that there would be a spike in bankruptcy filings when the law went into effect. But we anticipate fewer bankruptcy filings in the future. This law will be targeting people who were getting away with bankruptcy murder by discharging bills they could pay.

The impact of the change in bankruptcy laws and changes in our practices for overdraft charge-offs and over-limit credit card fees reduced pretax results by about $320 million. In addition, we had a weak trading quarter that was well under our performance in recent quarters. The bankruptcy issue will not recur and should actually benefit us going forward as we expect a reduced level of bankruptcy filings under the new law.

The bankruptcy issue will not recur and should actually benefit us going forward as we expect a reduced level of bankruptcy filings under the new law. We fully expect trading to do better in the coming quarters.

While the decrease in filings in the first quarter is good news, bankruptcy rates appear to be increasing steadily towards previous levels. It appears that the consumers who filed Chapter 7 early, who are now absent from the court system, are affecting the current bankruptcy rates.

Chris Lundquist

I've gotten a better response since the bankruptcy filings.

Filings are up solely because of the bankruptcy reform act.

The sole purpose of business is service. The sole purpose of advertising is explaining the service which business renders.

Leo Burnett (1891-1971)

Leo Burnett

After all, what is your host's purpose in having a party? Surely not for you to enjoy yourself; if that were their sole purpose, they'd have simply sent champagne and women over to your place by taxi.

P. J. O'Rourke (1947-)

P. J. O'Rourke

As part of their filings in that bankruptcy protection case, they've indicated that there may be areas within the company where employees will be laid off and some of that could come in out-stations such as Syracuse.

This is likely to be the first of many filings. Once they determine what the assets and the cash flow of the other units are, it's reasonable to expect the parent company to file for bankruptcy as well.

I wouldn't expect to see any major effects of these bankruptcy filings on passengers. I think both carriers will restructure successfully and continue flying.

Philip Baggaley

Before today, of the 166 airline bankruptcy filings since 1978, only two passenger carriers have successfully restructured and exited as viable businesses. That will soon change to three.

The thing I found most striking in monitoring eviction cases was that judges didn't adjust anything (rent) for hurricane damage.

Courtney Anderson

This is very frivolous way of looking at rape cases in the country.

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