Changes to the Bankruptcy Law

Chucala, Steven
October 2005
Soldiers;Oct2005, Vol. 60 Issue 10, p38
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..


Related Articles

  • An Oct. 17 Surprise For Distressed Players. McDermott, Judy // Investment Dealers' Digest;10/10/2005, Vol. 71 Issue 38, p11 

    Considers the potential impact of the Bankruptcy Reform Act on bankrupt companies and their lenders in the United States. Provisions of the Act; Qualifying requirements for administrative claims under the legislation; Effect of the legislation on the price of distressed bonds; Aspects of the...

  • Automatic discharge of bankrupt. Niekirk, Paul H. // Accountancy;Dec1979, Vol. 90 Issue 1036, p121 

    The article presents an action pertaining to a bankruptcy case in Great Britain. A debtor, who was adjudged bankrupt in 1964, was order to pay his creditors by installment in 1968. The debtor claimed that he was discharged under section 7(4) of the Insolvency Act 1976 and the conditions imposed...

  • Deepening Insolvency in Canada? Girgis, Jassmine // McGill Law Journal;Spring2008, Vol. 53 Issue 1, p167 

    The article discusses the implications of following the deepening insolvency doctrine in Canada. It presents the decision in Peoples Department Stores Inc. v. Wise with regard to the liability of corporate directors. The author concludes that the doctrine is not necessary for Canadian business...

  • Bankruptcies slow to trickle after deadline. Jack, Jodi Sokolowski // Buffalo Law Journal;10/27/2005, Vol. 77 Issue 86, p1 

    Reports on decrease in bankruptcy applications in the U.S. as of October 17, 2005. Number of applications that are electronically filed; Reasons cited behind the failure to file bankruptcy applications; Requirement for debtors under the bankruptcy act.

  • THE HARD-PRESSED DEBTOR. Atwood, Albert W. // Saturday Evening Post;7/22/1933, Vol. 206 Issue 4, p25 

    Deals with the existence of debt problems in the U.S. in 1933. Information on creditor-debtor relation; Losses to creditors in bankruptcy proceedings; Results of studies of business failures and bankruptcies conducted by the U.S. Department of Commerce.

  • The Free Market Reset Button. Alisa, Joseph Z. // Utah Valley Magazine;Sep/Oct2015, Vol. 16 Issue 5, p110 

    The article discusses the emergence of social stigma with bankruptcy. It says that bankruptcy allows a safety net for risk-takers and businesspeople and that bankruptcy candidates are good people who work hard and pay their bills, but who suddenly find themselves facing a wall of insurmountable...

  • The Supreme Court Should Hold that Secured Creditors Have an Absolute Right to Credit Bid. Lee, Hannah Y. // Business Lawyer;Feb2013, Vol. 68 Issue 2, p507 

    The article presents an editor's note introducing the following article, "The Supreme Court Should Hold that Secured Creditors Have an Absolute Right to Credit Bid," by Hannah Y. Lee, the winner of the Mendes Hershman Student Writing Contest. Topics of Lee's paper include the rights of secured...

  • Insolvency guidance notes.  // Accountancy;Feb1989, Vol. 103 Issue 1146, p41 

    This article provides information on two insolvency guidance notes in Great Britain, as of February 1989. Members organizing creditors' meetings should take into account the selection of a convenient venue and ensure that the notice of the meting is issued as far in advance as possible....

  • Regulation of insolvency practitioners. Donnell, Rusty // Chartered Accountants Journal;Jul2004, Vol. 83 Issue 6, p57 

    Discusses the review of insolvency laws in regulate liquidators and receivers in New Zealand.. Operation of the Companies Act of 1993 and the Receiverships Act of 1993 on the basis of establishing parties who are prohibited from acting as a liquidator or receiver; Alternatives for the regulation...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics