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Asymmetrical Norms in Bankruptcy - Why Corporations Have the Upper Hand
Posted by AcclaimLegalService
What is an "asymmetrical norm" anyway? Simply put, it is when a different set of moral rules or encumbrances apply for the different parties with the same circumstances. For instance, corporations aren't burdened by the same set of moral considerations or expectancies that individuals are - they don't experience guilt, embarrassment or shame. So how does this play out in the world of finances…
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Five years ago I was in so much debt that I couldn’t think straight. I wasn’t eating or sleeping properly. Then I lost one of my jobs (neither one was paying very much, just a bit over minimum wage). I began to be late on my house notes every month. I got into a car accident which threw me behind…
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