Bankruptcy is a process provided by Federal law that allows financially distressed individuals or businesses to have some or all of their debts eliminated. The Federal Code Law provides for the development of a plan that allows a debtor, who is unable to pay his creditors, to resolve his debts through the division of assets among his creditors. The supervised decision in this case allows the interests of all creditors to be treated as equally …
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…of Wisconsin. (2005). Bankruptcy Court. Bankruptcy Information, 1. Retrieved January 24, 2005, from http:/www.wiw.uscourts.gov/bankruptcy/Bankruptcy_Info.htm Michael McLain. (2003). Bankruptcy Abuse Prevention & Consumer Protection Act of 2003. Summary, March(1). Retrieved from http://www.cuna.org/download/legissue_bankruptcy.pdf SeniorMag. (2005). Bankruptcy Alternatives. Senior America's Information Magazine, u. Retrieved from http:/www.seniormag.com/legal/bankruptcyalternatives.htm The orator Network. (2005). Airline Consumer Protection Act of 2005. Air Carriers [On-Line serial]. Available www.theorator.com/bills109