Show Rotary Hears Address on Bankruptcy Debt counseling and bankrupt cy problems were outlined a t t Vernal Rotary Club y of last week by Dick Van Win Win- kle ide of Salt Lake City J c 1 Is of no benefit to anyone he averred HE NOTED the alarming g increase in bankruptcies both bothin bothin in Utah and the U S and said that Utah cases exceed the na na- na national average In 1964 in Utah there were 1466 cases of bankruptcy ing 25 million an per cent increase in the past 12 years Factory workers and laborers make up the largest group he said and pointed out that pro p r o men and farm workers are among the fewest bank bank- bankrupts 1 Ile He criticized the antiquated Bankruptcy Act as being form form- formulated in the late century to enable businesses to themselves then pointed out that today nine out of ten bankruptcies are taken by indi indi- individuals MR VAN WINKLE urged pub pub- public public lic consumer credit counseling as is being done in Salt Lake City and also better education in schools in consumer credit As other safeguards he sug sug- sug suggested better control of easy credit sales and adequate credit reporting service Jack C Turner introduced the speaker Mr Turner told of a 10 lo- lo local cal resident who had bad held labor labor- laboring ing jobs only for three to f o 0 u r months at a time and had bad a good credit report but had de d e Glared bankruptcy with out outstanding standing debts of In a question period Mr Van Winkle said that 95 per cent o 0 f bankrupts will remain poor cre ore ore- Sit dit risks and likely will become bankrupt again after the five year limitation period has ex a x A K Breinholt of Provo r e presenting District Governor J Frank Earl outlined plans for forthe forthe the District Convention May 2 3 and 4 in Ogden HE SAID that Elder Richard L L Evans of the Council of the t h e Twelve of the Church will speak at the Sunday sessions and that Elder Evans will be bethe behe the he new International President of f Rotary Club organization He pointed out that t his h i s will be a areal great real honor for the State o 0 f Utah President Kenneth R Aycock and Alvin G Green reported on the clubs club's participation in the t h e current Community lion tion Plan Guests from Vernal were Jack R Wallis Barclay Gardner J Harvey Madsen Vard Open Open- Openshaw shaw Aaron Jolley Stan Ander son and Jackie Turner |