
The Founding Fathers of our country considered bankruptcy so important that they specifically included it in the US Constitution. In 1787, when the U. S. Constitution was written, our Founding Fathers directed the Congress of the US to make uniform bankruptcy laws. They knew that if America was to flourish and grow, there would have to be laws that would allow people to, when necessary, cancel their debts and get a fresh start rather than spend their lives as slaves to the money lenders.