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Personal Bankruptcy
In 2005, the U.S. Congress approved a major reform of federal bankruptcy laws. On the Internet, do research on "bankruptcy reform" or equivalent terms. Answer the following questions:
a.What were the major reforms made to federal bankruptcy laws in 2005?
b.What particular industry probably led the drive to encourage Congress to change the law? Why do you think so?
In 2005, the U.S. Congress approved a major reform of federal bankruptcy laws. On the Internet, do research on "bankruptcy reform" or equivalent terms. Answer the following questions:
a.What were the major reforms made to federal bankruptcy laws in 2005?
b.What particular industry probably led the drive to encourage Congress to change the law? Why do you think so?
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