Bankruptcy Thesis Statement

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Are you struggling to write an excellent bankruptcy essay because you are unable to develop a faultless and bulletproof thesis statement? This ought not to be so. This article discusses the strategies involved in writing a thesis statement, and it guides you on the basics of bankruptcy that can be a foundation for the thesis statement.

Every essay you write whether for high school tests, college, or journals require a thesis statement. Depending on the scope of the essay, the thesis statement can be a single sentence or more than that. Having to write a bankruptcy essay, the thought of a bankruptcy thesis statement might initially sound impossible and complicated to you, but this shouldn't be the case.

Unlike other subject matters and niches, bankruptcy is fairly uncomplicated as lots of research have been carried out on it. So, it'll not be challenging to get strong arguments which support your topic. Once you have these arguments, writing a thesis statement on bankruptcy should be relatively easy. Your thesis statement on bankruptcy should be one that captures the scope of your bankruptcy topic. Your thesis about bankruptcy is the first standard with which your essay is judged.

Assigned Topic

When you have to write a bankruptcy statement after your supervisor, mentor or lecturer has assigned a topic to you, the thesis statement should answer the questions you intend to raise in your topic. It should present the topic, the stance you wish to defend, and it should be a roadmap that outlines your defense of the stance. For instance, your topic can be like, "Write a bankruptcy essay on the types of bankruptcy with an emphasis on how it differs in different countries”. With a topic like this, your thesis statement can sound like:

"There are different types of bankruptcy, and they all differ in countries of the world as different legislations apply.”

Your aim should be to form a thesis statement that aptly represents the precise topic. Your thesis statement should be direct, answering the logical question presnt6ed by your pre-assigned topic.

N.B Your thesis statement is not a question, but an answer and so thesis statements in the form of questions should be avoided at all costs.

Unassigned Topic

This might be a little more complicated. Since you know the main niche of your essay should be bankruptcy, you can choose a specific topic in this area. The plus of writing a thesis statement without an

assigned topic is that you are at liberty to choose a topic that interests you. The topic should be one with strong arguments that can support your claim. Once you have such a topic, your bankruptcy thesis statement should be better focused.

The biology of a bankruptcy thesis statement

You have to write a bankruptcy essay, and you've just discovered that a thesis statement is a paramount factor, your first step should be discovering what a thesis statement is. The thesis statement is all your arguments on your bankruptcy topic summarized in a few sentences. Your thesis statement should be in the introductory paragraph of your essay. The thesis statement in your essay is like the abstract of a dissertation. By placing it in an initial position, it will spur the interest of your readers to continue with the essay.

The thesis statement should concisely cover your whole essay, and by so doing, it will serve as a blueprint for your readers sketching out your ideas in the essay. A bulletproof thesis statement is a well-honed tool for both the reader and the writer. The thesis statement narrows the scope of the essay, and for the writer, it can be a guide to developing a cohesive and coherent bankruptcy argument. And so, leaving the formulation of your thesis statement to the end of your essay is not a good idea.

As much as you want to write a bulletproof thesis statement about bankruptcy, you should have in mind that your first thesis statement is not set in stone. The first thesis statement is a "working thesis”, you can keep revising it as you continue with the body of the essay till you come up with the perfect statement.

There are three main components to watch out for in your bankruptcy thesis statement:

  • The WHAT - Your thesis statement should succinctly cover your claim about the bankruptcy topic
  • The HOW - The ideas, events, sources, arguments that prove your claim.
  • The WHY - This represents the significance of your ideas in understanding your claim

A strategy to forming your bankruptcy thesis statement

To develop your working thesis statement on bankruptcy, you can use the topic of your bankruptcy essay to create this type of formulaic sentence:

I am going to write about ---------, and I am going to show or argue ---------

The first blank should contain the topic of your bankruptcy essay while the second should include the focus of your essay. For instance, your first draft can be:

I am writing about the different types of bankruptcies, and I am going to argue that the different types of bankruptcies differ from one country to another depending on the legislation of the country.

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This can be a guide to help navigate you through the body of your essay, but as you continue with the body of your essay and you approach the end, you can redefine the working thesis to be more assertive. For instance:

There are different types of bankruptcies, and they all differ from one country to the other \depending on the legislation of a country.

The Positioning

To have a thesis statement on bankruptcy that is clear and concise, avoid drowning it in a paragraph with too many sentences. Imagine having a one or two-line thesis statement in a paragraph of about 12 lines. In such a case, your thesis statement will be weak, and of course, readers could even skip through it. The invisible rule that the psychology of every reader operates by is: If the first paragraph is not eye-catching, there is a high chance that the entire essay will not be worth our time.

A good way to make your thesis statement attention-catching is by positioning it immediately after a hook. A hook is a writing that attracts attention. It can be a shocking sentence or a fact that everyone relates with. By putting your thesis statement after it, it is guaranteed that readers don't just glance through your thesis.

Broad or Specific?

Ensure that your thesis statement about bankruptcy is precise and it goes straight to the point. Added clichés are not necessary for your thesis statement. Moreover, words like "maybe”, "perhaps” give your thesis statement an air of uncertainty. As you intend to persuade your audience to your point of view, demonstrating under-confidence won't help your cause. Shape your thesis statement in a way that doesn't stray from your topic.

Weak or Strong?

Is your thesis statement weak or strong? If you want to have a strong and impressive essay, then you need your thesis statement to be equally strong. A weak bankruptcy thesis statement equals a weak and negative bankruptcy essay. For instance, a thesis statement like:

"Bankruptcy can be both good and bad for companies.”

This is a weak thesis statement. First, it has no clear stand, it is too broad, and with this type of thesis statement, you might end up writing a pointless essay. A better alternative will be:

"Bankruptcy is the better option for most companies, especially small companies in debt.”

This is more detailed and it can serve as a take-off point for you to analyze more in your essay.

Bankruptcy 101

To come up with a bankruptcy thesis statement that catches the attention of your readers, it is important that you brainstorm and research. You have to familiarize yourself with the concepts and basics of bankruptcy.

What is bankruptcy?

Bankruptcy is a legal term for when a business, company or person cannot pay back outstanding debts. It is a legal process through which entities who cannot repay the debts owed to creditors can get relief. A debtor can start the bankruptcy process by filing a petition. Then all the assets of the debtor are evaluated and measured and may be utilized in repaying a part of the outstanding debt.

Bankruptcy gives entities - individuals, businesses or companies a chance to get relief by cancelling debts that cannot be paid. Through bankruptcy, the creditors can get some measure of repayment based on the assets of the individual or business up for liquidation.

Benefits of Bankruptcy

Once an entity is declared bankrupt, such an entity can make a fresh start after some time. Other benefits of bankruptcy to an entity include:

  • Bankruptcy removes the pressure and headache of constantly dealing with creditors
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  • Instead of loss of all properties, the entity declared bankrupt can retain some properties such as household materials and a sustainable amount of money
  • After a bankruptcy order, creditors stop all forms of court actions geared towards getting their money back
  • Bankruptcy can ensure that the money owed is written off
  • Bankruptcy can prevent foreclosures on the entity's home, reduction of wages, and property repossession.

Disadvantages of Bankruptcy

Apart from the sizeable amount of money you need to pay to file for bankruptcy, other demerits include:

  • If the entity in question has a large sum of income, the entity might be required to make payments in installments for over 3 years to clear the debts.
  • It will be hard for the bankrupt entity to take out credit over the period and the credit rating can be affected for up to six years.
  • The assets of the entity will be sold
  • If the entity is an individual, it is possible for his/her home to be sold
  • Being declared bankrupt can affect the immigration status of the entity
  • The bankruptcy of the entity will be declared publicly.

Bankruptcy Trustee

When an entity becomes bankrupt, an individual or a body is appointed to manage the bankruptcy. The trustee can either be a registered trustee or the Official Trustee. The entity is at liberty to nominate a trustee of his/her choice.

Obligations of a Bankrupt Entity

A bankrupt entity is required to:

  • Provide the details of all debts, assets and income to the trustee
  • the trustee will then notify the creditors that the entity has been declared bankrupt. This will prevent the creditors from contacting the entity about the debt.
  • The trustee is required to liquidate some of the assets of the bankrupt entity to pay off the debt

However, some debts are unaffected by bankruptcy, and they include:

  • Debts owed to the government such as fines, taxes or penalties
  • Student loans
  • Alimony and child support
  • Luxury items purchased some days or weeks before the entity files for bankruptcy.

Tips for writing your bankruptcy thesis statement

  • A thesis statement is not a belief statement. It should not be about your belief, religion or motto.
  • Do not write something too obvious or known as your thesis statement. For instance, "Bankruptcy is an issue for debtors and creditors.”
  • Do not use complicated words for your thesis statements. Use simple and understandable words.
  • Do not use the passive voice for your thesis statement. Use active.
  • Ensure that your thesis statement is specific and well positioned. Avoid vagueness in writing.
  • Do not postpone writing your thesis statement to the end of your essay.


A thesis statement is the backbone of a good and solid bankruptcy essay. If you craft a strong bulletproof thesis about bankruptcy, writing the rest of the essay will be easier as it will serve as a guide. With a good thesis statement, your reader will find it easy to follow. You're the map of your thoughts. Your thesis on bankruptcy should target the main idea of your essay. It should be direct, and it should be the takeoff for your discussion in the body of the essay. Once you've perfected your thesis statement, you can submit an excellent essay.

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