In the 1990s, the trends have intensified. World population has more than doubled since the 1950s, yet economic activity has more than quadrupled (Kennedy, Preparing for the Twenty-First Century, 1993). More economic activities mean more conflicts among the participants. Ours is fast becoming a credit-driven economy.
The excessive use of credit cards and bank loans has transformed most people into perennial debtors unable to disengage themselves from the quicksand of debt. The risk-swill rise sharply if you are engaged in a business that deals directly with customers or the general public or you are practicing a profession that entails the care of individuals.
These professions include legal service and health care providers, food establishments, building contractors, engineers, architects, water treatment operators, security agencies, and businesses involving hazardous activities and materials.
The risks are more serious and abundant than you think. You may even be held liable for the wrongdoing of another person. This may happen to you if you are the registered owner of a vehicle and the driver of your vehicle hits a pedestrian with your permission, causing severe injuries. Or you may be held liable for acts of others as an associate,

Corporations create their own problems when they commit blunders that include acts that violate rules and regulations governing the conduct of corporations, such as the failure to conduct the required initial organizational meeting, the failure to conduct regular board meetings and stockholder meetings, the failure to issue corporate stock, the failure to maintain stockholder’s ledgers, the failure to maintain current corporate and accounting records, the failure to adopt corporate bylaws, the failure to transfer assets into the corporation, the failure to file report forms to the Securities and Exchange Commission and many more.