What is Bankruptcy?

Bankruptcy is not a bad word. It is the Federal Governments remedy to assist honest people, overwhelmed by debt regain their financial control.

I like to refer to the bankruptcy court and the tax court as similar governmental approaches to helping American society function and move in a positive direction. Both courts have federal judges, both have code books for the rules and regulations, both have forms that one fills’ out, and both have end results that are designed to keep society functioning with an approach that assist individuals and families.

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