2016 Presidential Candidates on the Issues: Bankruptcy Reform

Truthfully, information on the 2016 Presidential candidates positions concerning bankruptcy reform is pretty thin on the ground. There are six people who are or have been in positions to have an effect on bankruptcy law at the federal or state level via various positions in government over the course of their careers. Ben Carson has been a private citizen without ever declaring bankruptcy. Donald Trump has had four businesses that filed for Chapter 11 bankruptcies in the past eighteen years.

 

Republican Party

Jeb (John Ellis)

Bush                                                                                                                     

Tenet Healthcare Board of Directors 2007-Present, Former Governor of Florida 1999- 2007.

 

 Ben Carson

Johns Hopkins Director of Pediatric Neurosurgery 1984-2013. Author.

 

 Ted Cruz

United States Senator from Texas 2013-Present, Morgan, Lewis, & Bockius LLP 2008-2013, Solicitor General of Texas 2003-2008. Associate deputy attorney general, U.S. Department of Justice; director of the Office of Policy Planning, Federal Trade Commission both positions held during the Bush Administration.

 John Kasich

Governor, State of Ohio, 2011-present, US House of Representatives, 12thcongressional district of Ohio 1983-2001, candidate for President 2000, Lehman Brothers, Managing Director; Columbus, Ohio.

 

 Marco Rubio

United States Senator from Florida 2010-Present, Professor, Florida International University, Steven J. Green School of International and Public Affairs 2008-Present, Representative, 111th District, Florida House of Representatives 2000-2008, City Commissioner for West Miami, Florida.

 

 Donald Trump

Real Estate, Construction, Entertainment, Casinos, Golf, other ventures under Elizabeth Trump & Son, Trump Enterprises, and The Trump Organization.

 

                                                                                                             Democratic Party

 Hillary Clinton                                                                                             

Clinton Foundation 2013-2015, Secretary of State 2009-2013, candidate for President 2008 election United States Senator from New York 2001-2009.

 

 Bernie Sanders

US House of Representatives, State of Vermont At-Large District 1991-2007, and United States Senator for Vermont 2007-Present.

So, as you can see, there’s not a whole lot of push to get an official policy position on bankruptcy reform. I think that it’s a shame, because the system needs some comprehensive, 21st century, reality based reforms to help people get out from under student loan debt, and to reform the current healthcare delivery system to make bankruptcy due to medical bills a thing of the past.

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Published by
Chad Van Horn

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