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'''Bankruptcy law''' is the area of [[federal]] [[law]] dealing with the handling of [[bankrupt]] [[persons]] or [[business|businesses]].  In bankruptcy, all debts are nominally discharged, meaning that [[creditor|creditors]] must fight for primacy of their claims, or face a [[debtor]] who has no more money to pay out.  

'''Bankruptcy law''' is the area of [[federal]] [[law]] dealing with the handling of [[bankrupt]] [[persons]] or [[business|businesses]].  In bankruptcy, all debts are nominally discharged, meaning that [[creditor|creditors]] must fight for primacy of their claims, or face a [[debtor]] who has no more money to pay out. Liberals are almost twice as likely as conservatives to declare bankruptcy, as paying one's debts and living within one's means are primarily conservative values, as opposed to the liberal values of instant gratification and government intervention.

== See also ==

== See also ==