Chapter 7 Bankruptcy in 982 Words
Chapter 7 Bankruptcy is so named because it is a form of Bankruptcy that is formed under Chapter 7 of the United States Bankruptcy Code. The United States Congress gains its authority to create and change the Bankruptcy Laws through the specific grant of the United States Constitution. Any revisions to the United States Bankruptcy Code must be passed by Congress, and also, with certain exceptions, the approval of the President. The Bankruptcy Laws in the United States, are partly a reflection of the Bankruptcy Read More +