Bankruptcy Court

  

Categories: Banking, Regulations

Established in 1978 with the Bankruptcy Reform Act, it is a specialized court created to resolve corporate and personal bankruptcy cases.

Unlike most civil, family, and criminal cases, all bankruptcies are handled at the federal level, as the laws governing them are federal, rather than state laws. Why a whole separate Thing for it? Well, myriad complex laws require expert knowledge that is deep and extensive...and in many cases, courts get directly involved in trying to get those harmed... paid.

Understanding the banking system and how to negotiate with vendors is a skill acquired over time. Vastly different vibe than the old great TV series Night Court, which only required a judge's expertise in card tricks, weird sexual fetishes, and zombies.

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Finance: What is the Fair Debt Collectio...1 Views

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Finance allah shmoop what is the fare debt collection practices

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act fair debt collection That doesn't sound like a euphemism

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for the guys with the baseball bats who knocked gently

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on your door and talk with you quietly about your

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poker losses there Well that whole goodfellas thing became such

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a problem that the feds had to get involved in

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established rules as to how far those guys with the

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baseball bats could go and they came up with the

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following a they can't use them the baseball bats to

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hit your knee caps anyway if you don't pay your

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bills be they have to listen to your pushback on

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like a safe space is literally safe Space is not

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like the kind of uc berkeley so they can't call

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tell them not to and see they can't call you

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at home in the middle of the night or bang

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kids and terrify you about your bills that you owe

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you owe well basically this act which became law in

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nineteen seventy seven established the notion that even if you

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really are a total deadbeat somebody who was stupid enough

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to loan you money like you don't pay your bills

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you promised to pay them and you just don't you

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don't pam back You don't care about your honor self

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respect you're a deadbeat but the feds took the perspective

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that wealth Somebody was stupid enoughto loan you that money

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in the first place and they can on li yu's

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