By NEIL HARTNELL
Tribune Business Editor
A well-known QC yesterday backed calls to urgently reform The Bahamas’ ancient personal bankruptcy laws as a way to save hundreds of persons from a “deep financial grave” post-COVID-19.
Fred Smith QC, the Callenders & Co attorney and partner, told Tribune Business that overhauling an Act passed in 1870 was essential to ensuring that many Bahamians’ “economic existence is not brought to a grinding halt” when they are unable to meet their debt obligations amid the pandemic’s fall-out.
Echoing pleas made earlier this week by Ed Rahming, the Bahamian accountant and insolvency practitioner, Mr Smith said: “I have always contended that our personal bankruptcy laws are …
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