Hon. George W. Gekas said "Madam Speaker, this is an important time in the 3-year saga that has preceded the moment at hand. That is, for 3 years we have been attempting, in one way or another, to fine-tune the bankruptcy system, and, moreover, in the latter stages of that 3-year process, to directly confront the escalating number of filings that have brought our economic system to the edge of complete chaos in the bankruptcy system, over 1.5 million bankruptcies just in one year, 1997. That alone prompted action on the part of the various communities involved in the bankruptcy system, and particularly did it cause the Committee on the Judiciary to entertain hearings and to review the Bankruptcy Commission report, and to consult on a daily basis with our Senate colleagues and with everyone concerned in this vast problem." @ PoliticalQuotes.com

On the recordOctober 9, 1998

Madam Speaker, this is an important time in the 3-year saga that has preceded the moment at hand. That is, for 3 years we have been attempting, in one way or another, to fine-tune the bankruptcy system, and, moreover, in the latter stages of that 3-year process, to directly confront the escalating number of filings that have brought our economic system to the edge of complete chaos in the bankruptcy system, over 1.5 million bankruptcies just in one year, 1997. That alone prompted action on the part of the various communities involved in the bankruptcy system, and particularly did it cause the Committee on the Judiciary to entertain hearings and to review the Bankruptcy Commission report, and to consult on a daily basis with our Senate colleagues and with everyone concerned in this vast problem.

Said by

Hon. George W. Gekas

Pennsylvania

Source

govinfo.gov

Editor's note · Context

Discussing the efforts to reform the bankruptcy system in response to rising bankruptcy filings.

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