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Essay

The New Bankruptcy Law

Essay specific features

 

Issue:

Business

 

Written by:

Williams P

 

Date added:

July 22, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1402

 

Was viewed:

6738 times

 

Rating of current essay:

 
Essay content:

Prior to the creation of Bankruptcy laws debtors were severely punished by loss of property, or in some places imprisonment, if they were unable to repay a debt they owed. The idea of a Bankruptcy law was promising for society, however, these laws all did very little to protect the debtor and where repealed shortly after being created...
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It was the Bankruptcy Reform Act of 1978 that was passed in 1978 that served substantially revamp bankruptcy practices. Two major changes occurred for the bankruptcy act; the first, Chapter 11, which would prove to be a strong business reorganization Chapter, and the second, Chapter 13, which replaced the old Chapter 13 allowing individual access to a more powerful personal bankruptcy...
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General issues of this essay:
Bankruptcy Bankruptcy Bankruptcy Bankruptcy: A Legal Problem Bankruptcy: Frightening Reality Creating a Bankruptcy Plan new bankruptcy laws The New Bankruptcy Law The New Bankruptcy Laws Bankruptcy Bankruptcy bankruptcy When Filing For Bankruptcy In Bankruptcy Chapter 13 Bankruptcy Law
 

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