Business Case Studies, Govenrment and Business Environment Case Study, US Bankruptcy Laws, Benefiting Debtors or Creditors

print page
Tell A Friend

Case Categories

Govenrment and Business Environment Case Study

Case Title:

US Bankruptcy Laws: Benefiting Debtors or Creditors?

Publication Year : 2005

Authors: Roopa & Sumit Kumar Chaudhuri

Industry: Business Law


Case Code: GBE0044

Teaching Note: Not Available

Structured Assignment: Not Available

Buy This Case Study

Since its inception in 1800, the bankruptcy law in the US has undergone several reforms, which were always alleged to be more in favour of the creditors. In early 2005, the US Senate gave its approval to the Bankruptcy Abuse Prevention and Consumer Protection Act, a bill that was put on hold for eight years. The proponents of the bill claim that it would curb the abuse of the bankruptcy law as a financial planning tool and would place personal responsibility on the debtors to pay off their debts. However, critics of this bill argue that, when enacted, the bill would place an onerous task on those debtors, who are genuinely burdened with huge medical expenses, job losses and low income levels.

Pedagogical Objectives:

  • To discuss the various reforms in the US Bankruptcy law
  • To discuss the legal implication over debtors and creditors.

Keywords : US bankruptcy law,Government and Business Environment Case Study, Debtor’,s prison, Panic of 1837, US state debtor-creditor laws, National Bankruptcy Conference, Bankruptcy Reform Act 1978, US credit card firms, Profits of credit card firms and US personal bankruptcies, Bankruptcy Abuse Prevention and Consumer Protection Act, Chapters 7, 10, 12 and 13, Means test, Asset protection trusts, Millionaire’,s loophole

Recently Bought Case Studies

    Recently Bought Case Studies

    Executive Interviews

  • David ConklinDavid Conklin

    David Conklin, is a professor at the Richard Ivey School of Business
    Speaks on Government and Business
  • Lord Meghnad DesaiLord Meghnad Desai

    Lord Meghnad Desai, is an Indian-born British economist and Labor politician
    Speaks on Government and Business
  • Vijay GovindarajanVijay Govindarajan

    Vijay Govindarajan, is widely regarded as one of the world’s leading experts on strategy and innovation
    Speaks on Reverse Innovation
  • View All Executive Interviews»

Contact us: IBS Case Development Centre, Survey No. 156/157, Dontanapalli Village, Shankerpalli Mandal, Ranga Reddy District, Hyderabad-501203, Telangana, INDIA, E-mail:

©2020-2025 IBS Case Development Centre. All rights reserved. | Careers | Privacy Policy | Terms of Use | Disclosure | Site Map xml sitemap