Difference between revisions of "Bankruptcy law"

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'''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.
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'''Bankruptcy law''' is the area of [[federal]] [[law]] dealing with the handling of [[bankrupt]] [[persons]] or [[business]]es.  In bankruptcy, all debts are nominally discharged, meaning that [[creditor]]s 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 02:39, July 13, 2016

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

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