Bankruptcy Thesis Statement

A major percentage of all written works are in the form of essays. This includes news reports in the papers, an autobiographical memoir, a lawsuit petition, an article about living in an igloo, etc. Essays are written to inform your readers about your opinion and thoughts on a subject. To do this effectively, you have to convince them about the logic of your point of view.

An essay is a structured piece of writing that follows the rules, and one of these rules is that you need to clearly state your point of view on the topic you are writing about. This has to be done after you have introduced your topic and it has to be stated in one or two clearly articulated sentence. This sentence, called a thesis statement, summarises the stance you are taking for the rest of your essay and lets your reader know what view you are postulating. This is even more important when you are writing an argumentative or persuasive type of essay, like a bankruptcy thesis. The reason is that; you do not want your reader to get confused about your stand.

What is bankruptcy?

In order to successfully understand the science of writing a thesis statement on bankruptcy, one has to first understand what bankruptcy is and who needs a bankruptcy thesis statement.

Bankruptcy is the protection offered to debtors from creditors by federal law. It is a proceeding that allows debtors some freedom, for a period of time, under certain guidelines. Under federal bankruptcy laws, a public company that is unable to continue operations due to severe debt may seek this protection. When this corporation files for bankruptcy, the laws kick in and provides guidance to the company about the next steps they need to take. These actions involve folding up or reorganizing their business model. The Bankruptcy Code governs the protection options that a corporation can get when they file for bankruptcy. This code has two (2) chapters concerned with this, they are:

• Chapter 11 of the Bankruptcy Code

This option is for companies that are not completely crippled by debt. They still have some funds to run their operations, all they need to do is to change or reorganize their business strategy - with the aim of becoming profitable again. Corporations that are granted this type of bankruptcy, known sometimes as partial bankruptcy, will continue to run their business as usual, but all crucial business decisions must be brought before the bankruptcy court for approval.

• Chapter 7 of the Bankruptcy Code:

Companies that are so severely in debt that they can no longer continue effective operations may be granted this chapter of bankruptcy. Also known as total bankruptcy, this option demands that the corporation puts a stop to all its operations and completely folds up. A court-appointed trustee is then given the order to liquidate all the assets of the company and the money generated is used to clear out as many debts as possible.

A corporation is a public company, and as such, they have stockholders who have invested in the company by buying stocks. These individuals have a stake in the profit or loss of that company. And so apart from the creditors, when a corporation files for bankruptcy, these stakeholders are also affected. In order of importance, these are the individuals and organizations to whom reparations will be made:

• Secured Creditors

Typically this is a bank which the corporation owes a lot of money to, and this debt was secured by using assets as collateral.

• Unsecured Creditors

These are banks from which the corporation has overdrawn, bondholders, and suppliers that have provided their goods or services on credit.

• Stockholders

As explained earlier; stockholders have bought company stocks and so are entitled to its profits or losses. Usually, the revenue from liquidated assets does not get to them, as full repayment of secured and unsecured creditors is a top priority.

Types of Bankruptcy Thesis Statements

Now that we understand what bankruptcy is, it is quite apparent how important a bankruptcy thesis or essay is to anyone needs to write one. A bankruptcy thesis explains to the reader in detail about a corporation's - fictional or real - financial troubles. From the capital to operational costs, to revenue, to profits, losses, and debts. All these are stated with other details in the bankruptcy essay.

A thesis/essay helps a reader understand the subject, which in this case is bankruptcy. And the thesis statement, in turn, helps the reader understand the thesis and its direction. The same way there are different types of essays, that's also how there are different types of thesis statements and they are:

• Narrative thesis statement - This thesis statement has the goal of informing the reader of a lesson learned from the story about to be narrated.

• Persuasive thesis statement - This thesis statement needs to be pretty convincing, as it is supposed to persuade your reader to see reasons with your opinion.

• Analytical thesis statement - The thesis statement for an analytical essay clearly and specifically talks of a writer's answer to a why or a how

• Expository thesis statement - This thesis statement is used to explain to the reader what will be learned from the essay.

• Comparative thesis statement - This statement compares two ideas concisely without showing a preference.

• Argumentative thesis statement - An argumentative thesis statement compares two ideas while making a case for the writer's preferred one.

Dos and Tips for writing a Bankruptcy thesis statement

Dos:

• To ensure that your thesis statement about bankruptcy clearly states the objective of your essay.
• Do make a claim that gives the readers room to debate.
• Do make it a statement and not a question.
• Do write this statement in your own words, and not a quote from somewhere else.
• Do write this statement around the end part of your essay's introduction.

Tips:

• Length of the thesis statement

A thesis statement should condense the main ideas and points of an essay into a sentence or two. It should not be lengthier than two sentences.

• Position of a thesis statement

The thesis statement of your essay should be placed in the beginning part of your essay. This is because it is serving as a roadmap to the reader on the direction the rest of your thesis about bankruptcy is taking.

• Clarity and specificity

The writer should ensure that the thesis statement is clearly written, without any ambiguity, is specific and straight to the point.

• Revise as needed

Essays are dynamic in the sense that, topics evolve as you write and you have to ensure that at every topic change, you revise your thesis statement about bankruptcy to reflect that.

• Thoroughly research sources

Ensure that the sources from which you draw information for your thesis on bankruptcy are reliable, up to date and recognizable in the relevant sectors.

• Research your Subject well.

Writing a bankruptcy thesis requires that you research the finances and legal history of an organization. And this research also helps broaden your perspective on the subject and tailor your thesis statement effectively.

• Pay close attention to your figures.

Bankruptcy is an economic issue and as such is dependent on figures and statistics. These mathematical data give your thesis about bankruptcy more credibility. But ensure to double check every figure stated to avoid errors and ensure that all assertions made can be proven.

• Appropriate words and phrases.

When writing a thesis about bankruptcy there are certain words and phrases that do not get the job done. These include abstract words and words that vaguely describe events, examples of these words are; positive, easy, typical, exciting, traditions, values, principles, etc. Also, avoid using technical terms as your reader might not be well versed in financial and legal jargon. Overall just endeavor to pass your message along as simply and clearly as possible.

• Strive for originality.

In order to write a great bankruptcy thesis, you need to ensure that your work is unique. Avoid arguments that have been made a lot of times avoid taking a stand that is very popular. This is because having a generic opinion greatly reduces the amount of new information you can give your reader. It limits your essay to be like every other essay on bankruptcy. To ensure that your ideas, arguments, data, and work are very well researched and original.

A litmus test for your Bankruptcy thesis statement

The final fire your thesis on bankruptcy must go through, in order to be pure gold is this test that has been crafted for quality assurance. This test is made up of questions you must ask yourself about your work. If your answers are all positive then go right ahead to the next stage. If not, then you know where exactly your essay needs more work. These questions are listed out below:

• Does your bankruptcy statement answer the question?

The essay and thesis statement you've written is your first draft, read through your question prompt again, does your thesis statement answer the question ask? Do they tally? Take note not to give a "How-answer” to a "Why-question”.

• Is your position debatable?

You need to make sure that your bankruptcy thesis statement does not just state facts that readers cannot refute. Your thesis statement needs to completely be your own opinion in your own words, this is so that readers are able to object to your stance. This quality makes your work a more challenging, and so, interesting read.

• How specific and simple is your thesis statement on bankruptcy?

Avoid using words that make your thesis statement come across as vague. These words have the effect of reducing the strength of your argument. In the event that your thesis statement contains words like these, see how best you can make them more specific. Examples of these words include; bad, successful, unsuccessful, etc.

• How engaging is your thesis?

People tend to pay more attention to information that is shocking or very relatable. So if your thesis statement does not immediately grab your reader's attention you need to try again. The thesis statement of your bankruptcy essay needs to make readers realize how important your essay is to them. If after reading it, your reader responds with a "So what?”, draft out another thesis statement.

• Does your thesis statement wholly describe and support the rest of your essay?

The entire purpose of your thesis statement is to provide a map or guidance to the rest of your essay. This means your thesis statement must not deviate from the subject being discussed. If the thesis statement for your essay does not support and concisely describe your essay, you need to write another one.

• How open-ended is your thesis statement?

While your thesis statement should make your readers think and question it, it should not be too open-ended. This means the thesis statement for your bankruptcy essay needs to guide readers to ask questions of the essay itself.

In Conclusion

A well-crafted and written thesis statement reflects the soundness of its writer's opinions and ideas. It is the first sign that readers get about the intelligence of the writer and his/her level of expertise on the subject.

In this case, this subject is bankruptcy, bankruptcy is a subject that is quite technical and so writing about it requires a good level of writing finesse. As the writer needs to write about original ideas and use unique arguments to convince the readers.

That notwithstanding, with the guides provided in this article; writing a bankruptcy thesis statement has been broken down into parts that are easy to digest and understand.