Bankruptcy reform

Article Abstract:

Reforms are being sought by all sectors to reduce a bankruptcy list that is increasingly becoming longer. The National Bankruptcy Review Commission recommends a ceiling to prevent cases of abuse especially by states that set homestead exemptions. It also recommends reduction in exemption levels and access to discharge while working towards repealing applicability of the statute to consumer debtors.

Bankruptcy Law, Interpretation and construction, Laws, regulations and rules, Debt, Liquidation

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Privatizing commercial law

Article Abstract:

Issues concerning the cost of commercial law in the United States are discussed, with focus on ways of privatising the law in order to reduce its costs. Methods in which the economic legal regime would function under private entities are examined.

United States, Business Law NEC, Management, Economic aspects, Commercial law, Privatization, Privatization (Business)

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