What are the prime purposes of Bankruptcy?

"One of the prime purposes of the Act is to permit an honest but unfortunate debtor to obtain a discharge from his debts subject to reasonable conditions. The act is designed to permit a Bankrupt to receive, eventually, a complete discharge of all his debts in order that he may be able to integrate himself into the business life of the country as a useful citizen, free from the crushing burden of his debts." [re: Newsome (1927)]

"The Act permits a debtor who is overcome by the burden of his debts to be able to support his family and to perform his ordinary duties as a citizen." [re: Pare (1980)]