How bankruptcy law can favor debtors at expense of creditors

Question

Assignment:

Ethical Consideration of Creditors' Rights and Bankruptcy

Address the following ethical questions regarding creditors' rights and bankruptcy:

1. 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.
2. Explain whether the creditor self-help provision of the UCC's Article 9 is ethical, and explain why.
3. Analyze whether is it ethical or not to avoid paying one's debts by going into bankruptcy.
4. 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.
5. Interpret the duty that accountants have to their clients with regard to incurring debt and dealing with creditors.

The paper

1. Must be five to seven double-spaced pages in length (not including title and references pages) and formatted according to APA style as outlined in the Ashford Writing Center.

2. Must include a separate title page with the following:

• Title of paper
• Student's name
• Course name and number
• Instructor's name
• Date submitted

3. Must use at least two scholarly sources in addition to the course text.

4. Must cite all sources in APA style as outlined in the Ashford Writing Center.

5. Must include a separate references page that is formatted according to APA style as outlined in the Ashford Writing Center.

6. Reference needed three including this one.

7. Miller, R. L. (2014). Business law: Text and cases - commercial law for accountants. Mason, OH: South-Western Cengage Learning.