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Bankruptcy regulation encompasses the authorized framework and laws bordering the whole process of declaring bankruptcy.

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The first intent of bankruptcy regulation is to deliver a good and orderly approach for creditors and debtors to solve fiscal troubles. It sets out the techniques for filing bankruptcy, deciding the eligibility for differing types of bankruptcy, and setting up the rights and check this tasks of both of those debtors and creditors. Bankruptcy regulation also governs the liquidation of property, the repayment of debts, along with the safety in the debtor's home.

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