Title: Describe bankruptcy laws as pertaining to business.
Course: Business Law (12054-36) > Section: Examining the Rights and Responsibilities of Business Entities and Consumers

Description should cite

- protection afforded by the U.S. Constitution
- the shielding of consumers from irreconcilable debt
- the effects that filing bankruptcy can have on the creditor and the debtor.

Types of bankruptcy may include

- Chapter 11 (i.e., reorganization for businesses)
- Chapter 12 (i.e., family farmer or fisherman)
- Chapter 13 (i.e., reorganization for individuals)
- Chapter 7 (i.e., straight bankruptcy for individuals).