Should you apologize when you file your bankruptcy plan?

Two professors from the University Of Illinois College Of Law conducted a study to see if bankruptcy judges were more likely to approve a reorganization plan if the debtors apologized. The study included 137 bankruptcy judges, which is about a third of the federal bankruptcy bench. The result showed that more judges approved a test plan when they received an apology than those who reviewed the proposed plan without hearing an apology from the debtors.

For more details from the study see, “Do Apologies Matter in Bankruptcy?”