answersLogoWhite

0


Best Answer

To protect the debtor by giving him or her a fresh start free from creditors' claims

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Which is one of the two goals of bankruptcy law?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are two ways that a contract may be discharge by operation of law?

frustration, bankruptcy


Can you refile chapter 13 bankruptcy under the new bankruptcy law after your case was dismissed to avoid foreclosure?

A chapter 13 can be filed if it has been at least two years from the date the first filing was dismissed.


What is one of the role of fedral court?

Federal courts hear cases involving the constitutionality of a law, cases involving the laws and treaties of the U.S. ambassadors and public ministers, disputes between two or more states, admiralty law, also known as maritime law, and bankruptcy cases.


How can one get a mortgage refinance after a bankruptcy?

One would first have to wait two years after filing for bankruptcy. After this period, one can apply for a mortgage but one should pay bills on time and do not expect for it to be easy. Persistence is key.


Should I file for a divorce before filing chapter 7?

Every case is different, but if the two of you file a joint petition for bankruptcy before the divorce, you will both avoid problems. Consult a lawyer who knows both divorce and bankruptcy law.


What are two bit's goals in life?

What are two bits goals in the outsiders.


Where can one find out about bankruptcy mortgage loans?

One can learn about their options for getting a mortgage loan after declaring bankruptcy by visiting the websites of businesses that offer mortgages. Generally, one cannot obtain any kind of mortgage for at least two years after declaring bankruptcy, but some companies may make an exception.


What were two significant effects of the northwest ordinance?

The two distinct goals were; there was to be no Slavery within the boundaries of the territory, and that no law could be enacted that would impair a contract.


How many goals has Fernando Torres scored against Manchester United?

Torres scored two goals against Sunderland where Liverpool won 3-0 with Johson getting the other one.


What are the two chapters a business can file bankruptcy under?

You can file bankruptcy for two possible reasons: you are unable to pay your debts or your creditors file for bankruptcy if you owe them more than 1000 dollars.


If you had bankruptcy in 2004 can you file for bankruptcy again?

Some strict limitations have been set by the new bankruptcy law. Debtors will not be able to file Chapter 7 bankruptcy if they've been through a Chapter 7 within eight years of the new filing. If they want to file for Chapter 13, they will not receive a discharge within two years of a previous Chapter 13 discharge and within four years if they were discharged from a Chapter 7, 11 or 12 bankruptcy.


What are two types of goals?

of crisis intervention two goals