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Bankruptcy Thesis Statement

Writing a thesis statement on bankruptcy is a task that can be taken lightly only if the writer of the thesis is pleased with a passing grade and nothing else beyond that. On the other hand, if you aim for something more want to impress whoever reads your essay, then know that there is nothing easy about it. Writing a great thesis statement, not just bankruptcy thesis statement, can result only by a careful consideration of multiple facts, points of view, data, and arguments.

Bankruptcy Thesis Statement Definition

A thesis statement on bankruptcy follows the same form as any other type of thesis statement. Every type of academic papers has a preeminent idea, main point, or central message. The presented arguments in the paper need to reflect that idea. The thesis statement is the sentence that explains your position on the main idea. A bankruptcy thesis statement follows that form and serves that purpose as well.

A statement about bankruptcy, or any other thesis statement, will bring your idea or ideas in one or two sentences. Not only will present the main topic of your essay but also needs to address your stance on the related topic. The clearer it is, the better job you've done. It needs to be a true reflection of the topic you are exploring as well as on the stance on the particular matter. That's the very essence of a meaningful thesis statement.

Starting Point

Writing a statement about bankruptcy doesn't start with opening a word document, but by searching for relevant materials, statistical data, and talking to people that are experts on the topic. To simplify, it starts with good old research. Sometimes that can include a library, sometimes the internet, and in most cases, it includes all that. The point is that you first need to get your facts straight and to support them with data and information from relevant sources.

Then you need to make an additional effort and research the opposing arguments. There is no idea in the world, nor a concept that hasn't been disputed by someone. There are always those that will claim something that is not quite in line with your thesis or even the complete opposite of that. The trick here is to identify all the opposing arguments and try to understand their point of view.

Bankruptcy is a complex issue that generally speaking has many pros and many cons. At the same time, it is not the same for everyone else. Each case is different, and each case has its own unique marks. Therefore, a statement about bankruptcy can potentially have multiple pros and cons, each with its own weight. That means you better be covered with the right facts and arguments if you don't want your paper to be scrutinized and brought to rubble.

Types of Thesis Statements

Another decision you need to make before writing your statement about bankruptcy is about its type. The thing is, there are different types of thesis statements and each one has its own specifics. Choosing the right type can make all the difference in the world. Here are some of the most popular types of statements.

  • Compare and contrast thesis statements
  • Persuasive thesis statements
  • Analytical thesis statement
  • Expository thesis statement
  • Argumentative thesis statement

Bankruptcy 101

There is no point in writing a thesis statement about bankruptcy if you don't know at least the basics of bankruptcy. Here we will go through the basics of bankruptcy and what that actually means to someone that declares bankruptcy.

Let's begin with the basic terminology - what does it mean? Bankruptcy is a legal proceeding through which a company or an individual can erase their debt and stop harassment from creditors.

Types of Bankruptcies

Individuals basically have two options: chapter seven or chapter thirteen. Chapter seven is also known as liquidation or straight bankruptcy. In chapter seven, the individual must give up all property that is not exempted by law so that it can be sold and to pay the creditors. In most cases, the individual can keep their property except the one they can't afford to pay.

Chapter 13 is more of a reorganization in which the individual get to pay the debt over a period of years using their ongoing income. Usually, those that can't file for chapter seven use chapter 13.

When To File for Bankruptcy?

Bankruptcy is declared when your debts are bigger than your income and assets. However, bankruptcy is the last resort and shouldn't be done simply to get rid of debts. Just because the individual can't afford to pay creditors, it doesn't mean that bankruptcy is necessary. Sometimes there are other financial mechanisms that can help a person deal the debt. If that's the case, the presumption of abuse can occur and the case will either be turned into chapter 13 or completely dismissed.

Bankruptcy lawyers

In rare cases, it is possible to file for bankruptcy, but it's not recommended as it is a complex process that features specific steps and a strict timeline that needs to be followed. Then, if you don't know your rights and the law you risk losing the property. And if the case goes to court, sometimes that happens due to all sorts of circumstances, you will definitely need a lawyer. The point is only with a lawyer in your corner you can be certain that all your rights will be protected and respected.

These might be just the basic stuff that you need to know about bankruptcy, but it is a good starting point for a thesis statement about bankruptcy. It's much easier to take it from this point and explore the specifics of the topic or idea.

Thesis Statement for Bankruptcy Essay - Writing Tips

The writing tips for a thesis statement for bankruptcy essay are no different than for any other type of thesis statement. Here are the most influential ones:

  • Mind your sources

They are the foundation of your thesis about bankruptcy. Make sure they are from reputable authors, names that are recognizable in the finance and legal sector. Even though there is no room for sources in your thesis about bankruptcy, they are part of the essay. A good thesis needs strong sources and there is no way around.

  • Expand Your Scope of Research

Sometimes it takes a bit more effort to get a better perspective of things. To have a better perspective on your thesis statement for bankruptcy try to talk about it with your colleagues or friends. Hear what they have to say on the matter and what is their honest opinion about it. You can even organize a brainstorming session or a mini-debate with fellow students or colleagues. Furthermore, you can go online and post a treat on academic forums for students. Don't shy away from the opportunity to get feedback.

  • Be concise and on point

You got only two sentences tops to make your point. Don't waste them by trying to sound witty or even worse, to be confrontational. What matters is to be as clear as possible about the topic you are exploring and your stance on the topic.

  • Mind The Data

Bankruptcy depends on raw data and the mathematics that surround it. Make sure that any claims you make can be backed by real data. Data collected by reputable organizations and facilities. No bankruptcy thesis can be made without including data to support its claims.

  • Mind the language you use

Don't get too technical, but at the same time avoid using vague terms like exciting, negative, interesting, difficult, and unusual. Abstracts words like values, culture, or society usually don't go well with these types of essays. In no circumstances assume that the reader will assume the obvious point you are trying to make. In order to avoid any misunderstandings, be as clear as possible.

  • Provide your bankruptcy thesis statement early in the essay

Ideally, it needs to be in the introductory part or if it is a longer essay it needs to be in the second paragraph. That way the reader will be familiar with your stance on the matter and knows the direction of the essay.

  • Read other people's essays on bankruptcy

That way you can get a better sense of the task ahead. First, go through the best-rated essays and only after you are done with them check a few mediocre as well. That way you can know what's the difference and what not to do as well.

  • Avoid generic arguments

Formula statements and generic arguments should be avoided at any cost. If you want to stand out from the mediocrity of the crowd you need an original idea, far from a generic one. An original thesis statement supported by data and arguments from reputable sources is the formula for an A+ essay.

Things to Avoid in a Thesis Statement

If it is your first thesis statement, then there is a pretty good chance that you might make some of the most common mistake beginners make. Even if it is not your first one, you might be making some of the most common mistakes without even realizing you are doing so. Here is how things can go wrong with your thesis statement and what you can do about it:

  • Oversimplified argument

Very often, in the attempt to craft a comprehensible and clear thesis statement, the final result is a too simplistic argument. The "dumbed down” thesis statement simply doesn't match the contents of the essay.

  • Wrong format

Many students master one format of a thesis statement and stick with it no matter what. Very often they end up using the same format that worked for them before even so it's not appropriate. For example, they've mastered a persuasive thesis statement format and use it for a descriptive essay. That's totally ineffective and a bad strategy. Instead, it is important to study all types of formats and combine the right ones with the matching essay formats.

  • A Statement that lacks a debatable point

Strong fact-sentence can make a great thesis statement, but it lacks one important ingredient - a debatable point. The best ones shouldn't be more focused on the debatable aspect rather than just sticking to the facts.

  • The statement doesn't amount to the contents of the paper in an adequate way

A well-written thesis statement serves as a roadmap to the paper. Therefore, it needs to perfectly match the contents of the paper. In case it differs, there will be a lack of coherence throughout the essay and can potentially create confusion with the reader.

  • The thesis statement is too broad

Precision and laser focus are crucial in creating a great essay. That's why it's unacceptable to add too many= details in the thesis statement that creates the focus of your argument. Some think that a broad statement can cover a larger scope. But that' can be also a trap in which you can fail to meet the expectations of the reader.

Creating an ideal thesis statement is really difficult, but it can be much easier if you succeed if you learn how not to make some of the most common mistakes. The lessons here serve as warning signs so you don't fall for the same mistakes. Keep them in mind and you will be delighted with the outcome.

In Conclusion

Writing a thesis about bankruptcy depends on three key factors: the quality of the gathered data, the quality of your arguments, and how the arguments are presented. Each of those factors is interdependent and is what can make or crush a thesis statement. Other than that, your own interpretation of the data and the links that you see between the numbers can lead to a unique bankruptcy statement. These all things together will impress anyone reading your essay.

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