Although bankruptcy has been around in one form or another since biblical times, it remains a stigmatized remedy. Bankruptcy generally involves the debtor obtaining a fresh start by discharging some or all debts (while typically still being able to keep all their property). Is this fair from a banks standpoint? If a debtor borrowed the money, why shouldnt they be required to repay the debt forever? Discuss some arguments against bankruptcy and arguing that bankruptcy should not be a legally sanctioned option for people and business? What would life be like for banks and debtors if there were no bankruptcy? Discuss why bankruptcy actually has a positive effect on the economy for both debtors and lenders. Discuss why it is important for someone just starting out a new business to understand bankruptcy law?