Determine a debtor could walk away from debt

Assignment Help Business Law and Ethics

Reference no: EM133312245

Consider that you are placed in charge of creating the standards that would be used to determine when a debtor could walk away from debt, and when it would not be discharged. Either considering what it takes for an individual, family, or business to have a fresh start, or what is fair to the creditors who invested good faith. For your initial post, respond to the following prompts:

1. Determine if it would be better if the courts were given one set of rules for all scenarios or if judges and courts were given discretion in reaching these decisions.

2. Evaluate what those guidelines provided to the courts would be, and why, no matter which side you choose.

Reference no: EM133312245

Questions Cloud

Discuss the notification requirement of the consumer credit : Discuss the notification requirement of the Consumer Credit Protection Act in regard to hotel guests, add the questions here.

What is regulation : What is regulation and how is it related to the law? Why is regulation of new technology important? Illustrate your answer with a technology you have used.

What ways does the close corporation resemble a partnership : In what ways does the close corporation resemble a partnership? In Donahue v. Rodd Electrotype, what does the court mean by the following statement?

Types of adr depending on the dispute : These settlements are often negotiated by legal counsel representing the company. There are several types of ADR depending on the dispute.

Determine a debtor could walk away from debt : Consider that you are placed in charge of creating the standards that would be used to determine when a debtor could walk away from debt.

Would you pay these employees similar wages : Would you pay these employees similar wages, or would you pay one of the chefs more (if so which employee would you pay more).

What law were broken : What law(s) were broken? What was the outcome of the cases? Do you believe the outcome was fair?

Was it an express or implied warramy : Has this ever happened to you? Have you ever had a good experience with a warranty? Was it an express or implied warramy?

How could be resolved using integrative negotiation approach : In these changed circumstances set out above, how could this matter be resolved using an integrative negotiation approach?

User Account

All Pages