Ethical Consideration of Creditors' Rights and Bankruptcy Address the following ethical questions regarding creditors' rights and bankruptcy:
• Evaluate how Bankruptcy law can favor debtors at the expense of creditors or vice versa, and explain how a revision to Bankruptcy law can achieve a better balance between the respective interests of creditors and debtors
• Explain whether the creditor self-help provision of the UCC's Article 9 is ethical, and explain why.
• Analyze whether is it ethical or not to avoid paying one's debts by going into bankruptcy.
• Explain the negative consequences to a debtor whose debts are discharged in bankruptcy and if debtors are better off as a result of having their debts discharged.
• Interpret the duty that accountants have to their clients with regard to incurring debt and dealing with creditors.