The Congress.
The United States Congress has the authority to establish the laws and regulations governing bankruptcy through the Bankruptcy Code. Congress shapes the bankruptcy laws, including eligibility criteria, debt discharge rules, and the procedures for filing and resolving bankruptcy cases. Additionally, Congress provides oversight of the bankruptcy system, regularly reviewing and amending bankruptcy laws as necessary.
Yes. Article 1, Section 8, Clause 4. More info go to Bankruptcy in the US on wikipedia.
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In the USA the bankruptcy law is regulated by the Federal governs.
In the USA the bankruptcy law is regulated by the Federal governs.
In the USA the bankruptcy law is regulated by the Federal governs.
There are General Federal Laws that govern Bankruptcy. Each state may have additional laws regarding bankruptcy. So Is Best to consult an attorney or financial adviser in your state.
(in the US) Your LEGISLATIVE governing bodies have the power to make laws - but under the separation of powers of government it takes an organization of the EXECUTIVE branch to carry them out.