Brace yourself for an onslaught of zombies-debtors that havernlittle hope of recovery but avoid being wiped out thanks to support from lenders or the government. Washington's Troubled Asset Relief Program may be breeding zombies by handing out money to sick outfits as well as healthy ones. Postponing tough decisions only makes the eventual pain greater and reduces economic growth. One vital anti-zombie weapon: bankruptcy law. Some experts say geriatric General Motors could emerge rejuvenated from a spell in Chapter 11.
展开▼