Orcutt's Metaphor

Posted on October 11, 2005 by Kevin Chern Esq.
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Thanks to John Orcutt, the well-respected North Carolina bankruptcy lawyer for supplying a great metaphor to help bankruptcy lawyers describe the difference between the old law and the new law:

"Under the old law, I would wash your car. Under the new law, I will still wash your car, but I'm also required to run around your house 5 times. So, under the new law, you have to pay me to wash your car and you have to also pay me to run around your house 5 times. ...and you have to run around the house with me."
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