The following letter, written this summer by a woman whose family farm was facing foreclosure, was addressed to the court-appointed trustee in the bankruptcy proceedings. Time's Gregory Jaynes received permission to publish the letter, and he visited the family to report on the outcome of their case.
Mr. William L. Yaeger
Re: Case No. B-86-00887C-7,
Ernest C. & Margie M. Brauer
Dear Mr. Yaeger,
I suppose that bankruptcy is intended to be a "cut and dried" business decision, and in the final analysis perhaps that is the end result. However, with first hand knowledge, I do know there is...