Bankruptcy is complicated. It derives its complexity from the dense and often vague and inconsistent wording of the Bankruptcy Code. What results is a legal thicket.
My goal is to hack through the underbrush and to make bankruptcy more understandable. This blog is not intended to be legal scholarship on technical areas in the law, but rather a means by which bankruptcy might become more understandable. Supreme Court Justice Oliver Wendell Holmes once wrote that “[p]eople want to know under what circumstances and how far they will run the risk of coming against what is so much stronger than themselves, and hence it becomes a business to find out when this danger is to be feared.”