Nancy joins with other creditors to force Odette, a debtor, into bankruptcy. One of the goals of bankruptcy law with respect to creditors is to

Question

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One of the primary goals of bankruptcy law is to ensure equitable treatment of creditors who are competing for a debtor's assets. This means that all creditors are given an equal opportunity to receive a share of the debtor's assets, based on a specific legal process, rather than letting creditors who are more aggressive or have more leverage take priority over others. This promotes fairness and transparency in the bankruptcy process, and encourages creditors to continue extending credit to individuals and businesses without the fear of being unfairly treated if the debtor becomes insolvent. Protecting creditor assets or making all debtor property available for creditors are secondary goals of bankruptcy law.

Nancy Joins with Other Creditors to Force Odette, a Debtor