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Bank Ruptcy
Whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

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last edited by BillSeitz on Sep 4, 2008 4:33 am

when a person or [Corpor Ation] decides it can't pay back its debt and goes through a legal process to shortchange its creditors

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Bill Seitz, fluxent at gmail dot com, Weblog