Prof. Steven H. Resnicoff 1 DePaul University College of Law Amidst allegations of extensive abuse, society is rethinking the appropriate parameters of personal bankruptcy law. Commentators espousing diverse political, moral or religious principles alternatively affirm…
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INTRODUCTION* American bankruptcy law offers people the opportunity to avoid repaying their debts, even if they later become wealthy. This is accomplished by granting debtors a “discharge” of their debt, which permanently eliminates their legal…
The social phenomenon of bankruptcy is one that is increasingly familiar to many Americans. In the past decade, major companies previously thought to be virtually invulnerable – airlines, hotel chains, real estate developers – have…