Ethical Consideration of Creditors' Rights and Bankruptcy Address the following ethical questions regarding creditors'
Ethical Consideration of Creditors' Rights and Bankruptcy Address the following ethical questions regarding creditors' rights and bankruptcy:
â€¢ Evaluate how Bankruptcy law can favor debtors at the expense of creditors or vice versa, and explain how a revision to Bankruptcy law can achieve a better balance between the respective interests of creditors and debtors
â€¢ Explain whether the creditor self-help provision of the UCC's Article 9 is ethical, and explain why.
â€¢ Analyze whether is it ethical or not to avoid paying one's debts by going into bankruptcy.
â€¢ Explain the negative consequences to a debtor whose debts are discharged in bankruptcy and if debtors are better off as a result of having their debts discharged.
â€¢ Interpret the duty that accountants have to their clients with regard to incurring debt and dealing with creditors.