Bankruptcy should be renamed 'debt adjustment', recommends EU official

EU report claims calling someone bankrupt is too stigmatising and recommends the phrase should no longer be used

The EU wants to banish the word bankruptcy from the English language because it is too stigmatising, according to reports.

Officials in Brussels want to see the term replaced with a more neutral phrase, such as “debt adjustment”.

The idea is part of wider reforms being considered to harmonise economic arrangements across the EU and make it easier for people who have run into financial problems to be given a second chance.

Read more: http://www.telegraph.co.uk/finance/economics/10641780/Bankruptcy-should-be-renamed-debt-adjustment-recommends-EU-official.html

-- The Telegraph 20140216

Yes, and home foreclosure should be renamed "living location adjustment."

Newspeak.

And he should be called "work deprived" rather than a "Bloody jobsworth".

I think the EU should leave the English language alone.

I am with the diplomat who said F**** the EU, at least on this one.

Off-topic posts deleted. This topic is about the EU.

US Constitution with all 27 Amendments – 7,818 words.

EU regulations on the sale of cabbage – 26,911 words.

Say no more!!

Bankruptcy should be renamed 'debt adjustment "Theft",

Well certainly in the UK, it is so easy for directors to hide assets before putting a limited company into voluntary liquidation, and start trading under a different name with other family members appointed as directors.

Having a building company renege on payments for over a year only to do this on me when I took it to the courts, makes me sick and letting company directors off the hook, scotfreo, make me sick.

I am not poor, I am financially challenged.

I am not sick of the EU, I suffer from extreme retroperistalsis when I see them at work.

More Orwellian doublespeak from the totalitarian ideologues of the E.U.

This from an organisation that has not had it's accounts signed off for over a decade.

EU report claims calling someone bankrupt is too stigmatising and recommends the phrase should no longer be used

The EU official doesn't seem to understand how language works.

The EU wants to banish the word bankruptcy from the English language[.]

Are they under the impression that there is some master database of words that humans are all linked to, and that by deleting a word, people will instantly stop using it?

Just for laughs, I'm interested in knowing what word is suggested to replace bankrupt.

EU report claims calling someone bankrupt is too stigmatising and recommends the phrase should no longer be used

The EU official doesn't seem to understand how language works.

The EU wants to banish the word bankruptcy from the English language[.]

Are they under the impression that there is some master database of words that humans are all linked to, and that by deleting a word, people will instantly stop using it?

Just for laughs, I'm interested in knowing what word is suggested to replace bankrupt.

Businessman