A different take on bankruptcy
DURING the week I was speaking to an American tourist. In a discussion on the economy he told me of an acquaintance of his in the US who was declared bankrupt.
To celebrate the occasion, he gave a huge bash in a swanky hotel, inviting all his creditors and debtors. There were handshakes and hugs all round.
The story made me reflect on the pre-Celtic Tiger era in this country when bankruptcy attracted a certain degree of shame and proof of failure.