7.1 General Definition1. Applicable laws + court - Title 11 of the United States Code + Federal court2. Purpose - for debtors: giving a change of new start - for creditors: distributing fairly - Stop the enforcement of a judgment lien against property in bankruptcy3 TypeType of BankruptcyChapterRepayment methodsEducation-voluntary petitionIndividual7LiquidationCredit counseling + financial m..
