Bankruptcy

Part I of Essay
, today, is a very common thing among companies and individuals alike. Sadly enough there were as many cases filed in federal courts, as there were all other cases. The American law allows people to avoid paying their debts, by offering the debtors a discharge, which el ....

Part II of Essay
.... through “Yeush”. This term denotes that this is the point where a person no longer believes he will recover the object he has lost. In this case, the creditor loses hope of being paid back the money the debtor owes him. Therefore the debtor is free from his obligation to pay the creditor. According to some poskim, yeush does not discharge the debtor, unless the circumstances, such as where the debtors fields are ruined by a flood, the debtor is in, makes the creditor lose hope of ever being paid back According to others, yeush can disc ....