GDP is used to measure economic progress over time and to compare different countries or regions to one another. Read story.
When you file for bankruptcy, you are affected in 3 important ways. Read story.
They cannot be discharged as part of bankruptcy – or can they? Read story.
Broadly speaking, there are two different ways to go bankrupt. Read story.
Before we discuss the details, I'd like to explain why we use such odd names. Read story.