Review the questions listed below and the linked information (CCH Bankruptcy Reform Act Briefing: Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 and The U.S. Department of Justice Means Testing).

Why is bankruptcy law required in a modern capitalistic society?
Who does the bankruptcy trustee represent?
The three most commonly filed bankruptcies are Chapter 7, 11, and 13. Summarize each one and indicate who gets relief under each of these chapters.


 

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