John F. Kennedy (U.S. Bankruptcy Laws)

John F. Kennedy (U.S. Bankruptcy Laws) refers to bankruptcy provisions included in the Bankruptcy Act of 1978, which was signed into law by President Jimmy Carter, not Kennedy himself. However, the term often arises in discussions about consumer protection in bankruptcy contexts. These laws establish different chapters of bankruptcy, providing individuals and businesses options to manage or eliminate their debts. They aim to balance the rights of creditors and debtors, allowing those in financial distress to make a fresh start while ensuring creditors have some recourse to recover debts owed to them.