filing for bankruptcy

Review Problems 25-9 and 25-10 on page 752 in your text regarding students filing for bankruptcy. Prepare a 2–3 page, double-spaced paper explaining the three key chapters of the U.S. Bankruptcy Code (7, 11, and 13), and how each chapter operates in our bankruptcy court system. Do individuals/corporations filing for bankruptcy progress through more than one of these chapters? A question you must cover in your paper concerns the effect that both petitioners’ student loans have in their bankruptcy filing. Research the Internet, and gather statistics on the number of students being forced into personal bankruptcy as a result of federal student loans.

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