This means more people are filing for bankruptcy now than during the worst yeais of job losses in the 1980s. Bankruptcy laws give Americans a very special kind of protection from the worst form of financial distress. As a nation of immigrants. our country is the very embodiment of the idea of a fresh start. Bankruptcy protection was considered so important that it was among the specific powers granted lo Cong ress in our Constitution. That is why we provide in law that no orw should have to shoulder an unsustainable burden of debt. a burden that can hurt us all by threatening the weakest links in our society.
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