Explain this same concept, but so that a second grader could understand it. 

Bankruptcy helps people who can no longer pay their debts get a fresh start by liquidating assets to pay their debts or by creating a repayment plan. Bankruptcy laws also protect financially troubled businesses. Filing bankruptcy can help a person by discarding debt or making a plan to repay debts. A bankruptcy case normally begins when the debtor files a petition with the bankruptcy court. A petition may be filed by an individual, by spouses together, or by a corporation or other entity. All bankruptcy cases are handled in federal courts under rules outlined in the U.S. Bankruptcy Code.
system
isi avadharana ko samajhaayen, lekin taaki ek doosraa greader ise samaj sake.

diwaliyapan un logon kii madad karata he jo ab apane rin kaa bhugtan nahin kar sakate hai, apane rinon kaa bhugtan karne ke liye yaa punarbhugtan yojana banaakar parisampattiyon ko taral karke ek nai shuruyaat kar sakate hai.diwaliyapan kanoon bhi aarthik rup se pareshaan vyavsaayon kii raksha karte hai.diwaliyapan daakhil karne se kisi vyakti ko rin chhodane yaa rin chukaane kii yojana banane main madad mil sakati he.ek diwaliyapan kaa maamla aam taur par tab shuru hota he jab dendar diwaliyapan adaalat ke saath ek yachika daayar karata he.ek yachika ek vyakti dwaara, pati -patni dwaara ek saath, yaa ek nigam yaa anya ikai dwaara daayar kii ja sakati he.america diwaliyapan samhita main ullikhit niyamon ke tahat sabhi diwaliyapan maamalon ko sangheey adaalaton main sambhala jaataa he.
user
diwaliyapan un logon kii madad karata he jinke paas apane bilon kaa bhugtan karne ke liye paryaapt paisa nahin he, jaise ki credit card bill or aspataal ke bill.diwaliyapan, vyavsaayon yaa kaaron kii tarah sampatti se dhan ikattha karke, us paise kaa bhugtan karne main madad karata he jo samay ke saath kam bhugtan karne ke liye yaa sauda kar rahaa he.bahut saare paise dene vaale vyavsaay bhi diwaliyapan kaa upyog kar sakate hai.diwaliyapan kaa maamla diwaliyapan adaalat ke saath kagaji karrwai daakhil karne ke saath shuru hota he, jo ek sangheey adaalat he jo diwaliyapan ke maamalon ko sambhalati he.
assistant
<|system|>
</s>
<|user|>
isi avadharana ko samajhaayen, lekin taaki ek doosraa greader ise samaj sake.

diwaliyapan un logon kii madad karata he jo ab apane rin kaa bhugtan nahin kar sakate hai, apane rinon kaa bhugtan karne ke liye yaa punarbhugtan yojana banaakar parisampattiyon ko taral karke ek nai shuruyaat kar sakate hai.diwaliyapan kanoon bhi aarthik rup se pareshaan vyavsaayon kii raksha karte hai.diwaliyapan daakhil karne se kisi vyakti ko rin chhodane yaa rin chukaane kii yojana banane main madad mil sakati he.ek diwaliyapan kaa maamla aam taur par tab shuru hota he jab dendar diwaliyapan adaalat ke saath ek yachika daayar karata he.ek yachika ek vyakti dwaara, pati -patni dwaara ek saath, yaa ek nigam yaa anya ikai dwaara daayar kii ja sakati he.america diwaliyapan samhita main ullikhit niyamon ke tahat sabhi diwaliyapan maamalon ko sangheey adaalaton main sambhala jaataa he.</s>
<|assistant|>
diwaliyapan un logon kii madad karata he jinke paas apane bilon kaa bhugtan karne ke liye paryaapt paisa nahin he, jaise ki credit card bill or aspataal ke bill.diwaliyapan, vyavsaayon yaa kaaron kii tarah sampatti se dhan ikattha karke, us paise kaa bhugtan karne main madad karata he jo samay ke saath kam bhugtan karne ke liye yaa sauda kar rahaa he.bahut saare paise dene vaale vyavsaay bhi diwaliyapan kaa upyog kar sakate hai.diwaliyapan kaa maamla diwaliyapan adaalat ke saath kagaji karrwai daakhil karne ke saath shuru hota he, jo ek sangheey adaalat he jo diwaliyapan ke maamalon ko sambhalati he.</s>
