The New Bankruptcy

The New Bankruptcy refers to recent reforms and changes in bankruptcy laws aimed at making the process more accessible and efficient. It emphasizes fresh starts for individuals and businesses struggling with debt. Key features include streamlined procedures, better protections for essential assets, and opportunities for debtors to reorganize rather than liquidate. The goal is to help people regain financial stability while ensuring fair treatment of creditors. Essentially, it seeks to balance the needs of those in financial distress with the rights of those owed money.