Wednesday, August 17, 2016

Bankruptcy - Do you know the US Constitution provides for our Bankruptcy Laws?

The framers realized that the ability to discharge debt was important for the health of our economy and recognized the need to have a uniformed system. The Constitution states:
"The Congress shall have Power To...establish...uniform Laws on the subject of Bankruptcies throughout the United States...." Article I, Section 8, Clause 4
The leaders of the most self-reliant and individualistic society in our history understood people had to have an opportunity to reset their financial life from time to time. Read more about the Bankruptcy Clause.

If you want assistance, legal representation, or just want to know more about Mark Medvesky or our firm of Wells, Hoffman, Holloway & Medvesky LLP, check out our website at or call us a 215-660-3170 and schedule an appointment.

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