Souhrada Penny

Bankruptcy is a means of discharging the obligation to pay some or all of your debts. Bankruptcy is not a modern concept. The Law in the Old Testament of the Bible supplies that at the end of every seven years every creditor shall release his debtors. Deuteronomy 15: 1-2) More than 200 years ago the Constitution gave to Congress the correct to make laws concerning bankruptcy. Bankruptcy is intended to aid honest debtors get a fresh start, but there is no hard and fast rule on who will benefit the most from filing for bankruptcy.