Personal bankruptcy law allows, in certain jurisdictions, an individual to declare bankruptcy. Virtually every country with a modern legal system features some form of debt relief for individuals. Personal bankruptcy is distinguished from corporate bankruptcy.
Famous quotes containing the words personal and/or bankruptcy:
“Because one has little fear of shocking vanity in Italy, people adopt an intimate tone very quickly and discuss personal things.”
—Stendhal [Marie Henri Beyle] (1783–1842)
“Disappointment is a sort of bankruptcy—the bankruptcy of a soul that expends too much in hope and expectation.”
—Eric Hoffer (1902–1983)