Bankruptcy legislation serves a dual purpose. What are these purposes?


Bankruptcy legislation serves a dual purpose, to:
1. effect a quick, equitable distribution of the debtor's property among creditors, and
2. discharge the debtor from her debts, enabling her to rehabilitate herself and start fresh.
Other purposes are to provide uniform treatment of similarly situated creditors, preserve existing business relations, and stabilize commercial usage.

Business

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A) infinite B) near finite C) finite renewable D) finite nonrenewable E) perishable

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The analyst is mostly concerned with which of the following during the second screening?

A. Market growth B. Consumer profile C. Banking legislation and regulation D. Trends in inflation, interest rates, exchange rates

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The maximum amount of punitive damages recoverable for malicious violations of the Civil

Rights Act of 1964 depends on the number of employees in the business. Indicate whether the statement is true or false

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Indicate whether the statement is true or false

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