(Presented by the Diversity in the Profession Committee). This session will help bar leaders, law firm management and in-house counsel understand and recognize what subtle, unconscious and implicit bias is and how, when left unchecked, it can have serious consequences for the legal profession.
The acts of bankruptcy enumerated in the late act of congress, of 19th Aug. 1841, s. 1, are the following: 1. Departure from the state, district, or territory of which a person, subject to the operation of the bankrupt laws, is an inhabitant, with intent to defraud his creditors.
Once considered a financial death sentence, bankruptcy has become a path to digging out from under mountains of debt. / Credit: SteveWoods | Shutterstock. Bankruptcy is a legal process by which individuals or businesses can publically declare that they are unable to pay all their bills, as a way to help them get out from under their debt. Bankruptcy laws help people and businesses get a fresh start financially by having their assets liquidated in order to pay off their debts, or by creating a repayment plan.