The Bankruptcy Act was set up in order to provide assistance to both debtors and creditors.

Name: The Bankruptcy Act was set up in order to provide assistance to both debtors and creditors.
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The Bankruptcy Act was established to offer a legal framework that helps debtors discharge or reorganize their debts while also providing creditors with a mechanism to recover a portion of what is owed to them, thus assisting both parties.

The Bankruptcy Act Was Set Up in Order to Provide