Why are corporate bankruptcy laws so much more liberal than personal bankruptcy laws?

[cleirach70]

I'm sure you'll be fine....just work hard on restoring credibility with creditors.

[jaycube]

Because corporate law support business they have to be so much liberal, lots of money invest in these cases, most of the times these law support trade and business.

[romavia]

Actually corporate law is the law of organizations in-fact of all types of business so it has to be so liberal, heavy amount of investments are present in it that is the reason behind why it is so.

[PlazaCitrus]

I think you should go for an legal advice from an bankruptcy lawyers. http://www.aussielawyerdirectory.com.au/lawyers/bankruptcy-lawyers/

[olivecooper]

Because it involves lots of money when it is for business whereas in personal it is very less amount. Hence bankruptcy law is liberal.