Consider the following quotation: "The Bankruptcy and Insolvency Act just gives people a free ride.People can run up debts and then walk away from them,letting their creditors take the fall.That's not right.In the good old days,debtor's prison took care of people with that kind of irresponsible attitude." What aspects of the philosophy are behind the Bankruptcy and Insolvency Act,and what provisions of the act would you bring to this person's attention?

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The Answer of Consider the following quotation: "The Bankruptcy and Insolvency Act just gives people a free ride.People can run up debts and then walk away from them,letting their creditors take the fall.That's not right.In the good old days,debtor's prison took care of people with that kind of irresponsible attitude." What aspects of the philosophy are behind the Bankruptcy and Insolvency Act,and what provisions of the act would you bring to this person's attention?

Consider the Following Quotation: "The Bankruptcy and Insolvency Act Just