TITLE

Changes to the Bankruptcy Law

AUTHOR(S)
Chucala, Steven
PUB. DATE
October 2005
SOURCE
Soldiers;Oct2005, Vol. 60 Issue 10, p38
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on changes to the Bankruptcy Law in the United States. Bankruptcy is a court process where debts are changed or wiped out when it is impossible for the debtor to fulfill financial obligations. The aim of bankruptcy is to give the debtor a lease on life and satisfy creditors. Chapter 7 and Chapter 13 are the two most common types of bankruptcy. INSET: When Faced With A Possible Bankruptcy Action..
ACCESSION #
19505467

 

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