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Business LibreTexts

27: Bankruptcy

  • Page ID
    30683
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    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