Consider the bankruptcy process. It seems to be inconsistent with every principle of fundamental contract law and
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Consider the bankruptcy process. It seems to be inconsistent with every principle of fundamental contract law and commercial relations. Is it fair to the creditors and to the debtor? What about discharge? Should debtors be allowed to escape their obligations in this way? Can you come up with a better alternative? Why prohibit student loans from being discharged through bankruptcy? Should there be other exceptions?
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The stated objective with the bankruptcy process is to preserve as much of the debtors assets f...View the full answer
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