As David Haynes of <em>The Balance </em>explains, "Bankruptcy is a federal law that allows individuals and businesses alike an opportunity to eliminate or reorganize burdensome debt." Provisions for bankruptcy law in the United States actually go back before the founding of the country. Early bankruptcy laws in the US were modeled after similar laws in England.
In more recent US history, there have been some famous bankruptcies in which companies sought to make a comeback from dire financial straits. General Motors filed for bankruptcy in 2009, and ultimately was bailed out by the US government (with supervision and conditions). Marvel Entertainment, which now is having blockbuster success with huge movie franchises, filed for bankruptcy protection in 1996 (when it was solely a comic book producer).
As the idea of Détente moved forward one central goal for the west was the promotion of human rights. One of the central objectives of the West was the promotion of human rights because methods of repression, intimidation, denial of access to studies, denial to work, imprisonment or dismissal for political reasons were used.
