3 ms·
Bankruptcy is meant to be the point where the law decides the entity simply cannot pay its debts in a particular situation and what the next step(s) should be.
by sfgweilr4f 7y ago
Bankruptcy is meant to be the point where the law decides the entity simply cannot pay its debts in a particular situation and what the next step(s) should be. Philosophically, if a debt cannot be discharged due to bankruptcy, isn't it really just some wacky exception to enable some form of slavery?
Are there other examples of "debt" that cannot be discharged through bankruptcy?
(Yes I know this case demonstrates student debt actually can be discharged)