It is a good way to state over, fresh, clean slate, what ever you want to call it.
It is about time,
but, this does have side effects, union contracts will all end, health coverage will stop,Pensions gone,
Ladies, if you are getting child support, you will have to go back to court.
If you are getting any money from a pension system that will stop. why you ask, pension system will be taken over in the Bankruptcy.
This will happen in New York State can not wait to see it happen and then see every one running scared,