Article Analysis

Summary

According to the article, in simplest period, business and one-by-one bankruptcy regulation presents a set of directions to avert disorder amidst the creditors of an insolvent company or individual. The legislation is a convoluted in part because those creditors drop into so numerous categories-secured creditors, unsecured creditors, government creditors, and so on-each with its own exceptional privileges and concerns in the bankruptcy process. A receivership is not the identical as a bankruptcy.

Critique

By the article, a receiver is not the identical as a trustee in a bankruptcy. However, the two schemes have many in widespread and a receivership of a ...