debt and bankruptcy

rc&am rcollins at
Mon Dec 21 09:04:59 PST 1998

many thanks to those who remarked on this.

have i got this right, then? is it too crude to say that debtors are allowed to file for bankruptcy if there are either assets which can be liquidated or if there is the capacity for future wages? correct me if i'm wrong - anyone. if this is so, does this mean that bankruptcy is simply a means to restructure debt repayments, and that those who are not in a position to do so would ... well.. what happens to them?

cheers, angela

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