Difference between revisions of "Bankruptcy law"

From Conservapedia
Jump to navigation Jump to search
m (Reverted edits by GregG (talk) to last revision by BenHoff)
m (Undo revision 971786 by GregG (talk) accidentally misclicked and reverted myself)
Line 1: Line 1:
−
'''Bankruptcy law''' is the area of [[federal]] [[law]] dealing with the handling of [[bankrupt]] [[persons]] or [[business|businesses]].  In bankruptcy, all debts are nominally discharged, meaning that [[creditor|creditors]] must fight for primacy of their claims, or face a [[debtor]] who has no more money to pay out. Liberals are almost twice as likely as conservatives to declare bankruptcy, as paying one's debts and living within one's means are primarily conservative values, as opposed to the liberal values of instant gratification and government intervention.
+
'''Bankruptcy law''' is the area of [[federal]] [[law]] dealing with the handling of [[bankrupt]] [[persons]] or [[business|businesses]].  In bankruptcy, all debts are nominally discharged, meaning that [[creditor|creditors]] must fight for primacy of their claims, or face a [[debtor]] who has no more money to pay out.
−
 
 
 
== See also ==
 
== See also ==
  

Revision as of 06:34, April 1, 2012

Bankruptcy law is the area of federal law dealing with the handling of bankrupt persons or businesses. In bankruptcy, all debts are nominally discharged, meaning that creditors must fight for primacy of their claims, or face a debtor who has no more money to pay out.

See also

Retrieved from "https://www.conservapedia.com/index.php?title=Bankruptcy_law&oldid=971787"