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Chapter 21 Bankruptcy

Learning Objectives

After reading this chapter, you should understand the following:

  1. A short history of US bankruptcy law
  2. An overview of key provisions of the 2005 bankruptcy act
  3. The basic operation of Chapter 7 bankruptcy
  4. The basic operation of Chapter 11 bankruptcy
  5. The basic operation of Chapter 13 bankruptcy
  6. What debtor’s relief is available outside of bankruptcy