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Found in Title 11 of the United States Code (USC) the Bankruptcy Code consists of several “chapters”, each with its own set of actions and procedures. The four codes most pertinent to business consist of Chapter 7 or ordinary bankruptcy, Chapter 11, also known as reorganization, Chapter 12, a special code dealing exclusively with family farmer debt adjustment, and Chapter 13 or Adjustment of Debts. In all, bankruptcy can be a tool that provides many people with the help and financial safety that they need.
The Debtor and Creditor
Although bankruptcy law provides many services to people, its main objectives are to protect creditors and the debtor...
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Common topics in this essay:
- Bankruptcy and Debtor-Creditor Relations
- Bankruptcy of Social Security
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- new bankruptcy laws
- The New Bankruptcy Law
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- Bankruptcy
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- When Filing For Bankruptcy In
- Bankruptcy Chapter 13
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