Consider this situation:
You want to sell your house.
It is the biggest, the most expensive, the most modern and high tech house in town.
You then hire an appraiser.
He recommends a $1M price tag for the house.
You hire a RE agent.
He tells you that he can't find a buyer in the seller market.
To make his case, he tells you to request relief aka chapter 11 - to set up the bank account or whatever that means.
Then, since you are supposed to be bankrupt, he tells you to give your house away for $1000.
Oh, don't forget to throw in your belongings, your safe deposit, your bank account and top them off with a whole week of meal to make your offering more attractive.
You happily comply and move out of your house ASAP.
Do you believe this story is real?
I have another golden gate bridge to sell you.
Note: Edited to add other event
