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What a blessing and a curse at the same time. It is a blessing as it allows you to get out from under the debtor stress and a curse because it has to be used at all. Really it is a way to reduce the burden of debt by legal means. There are a few chapters to this book called Bankruptcy. There is chapter 7. What a chapter! This chapter allows the courts to take certain belongings and resale them. When they get the money back they divide it up between the people you owe. This supposedly frees you from the debts That is like reading one of those old English novels about the Lords losing their estates and joining the regular people. The other great chapter is chapter 13. This chapter has a bit more dignity. It sets up payment plans so that you can pay back your debts over a period of time. It is all relative to what you own and how much you make. It is not a good situation but, at least it exist for those with that necessary hardship. There is no shame in it. Millions of people go through it on the earth each year. Not just here in America, it is happening anywhere that English law prevails. Bankruptcy is not something anyone enjoys. Sometimes it becomes the necessary between two evils. Thank goodness for it here in America. Without it, there would be so much more woe and worry. You would have creditors walking through your living room lifting all of your belongings, breaking your fingers and legs for a payment. It would be absolutely ridiculous. Like we need more woe and worry over economics. Bankruptcy is what, a blessing and a curse. It is also a legal procedure.
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