THE ULTIMATE PURPOSE of the Bankruptcy Act' has been correctly characterized as being twofold: to distribute the bankrupt's assets fairly among his creditors and to "[Rielieve the honest debtor from the weight of oppressive indebtedness...,, thereby to accomplish the debtor's economic rehabilitation. Problems arise, however, when the debtor has not been honest in his efforts to obtain money or property on credit.
Herbert, David L.
"Section 17A(2) Objections To Discharge Filed By Small Loan Companies In Consumer Bankruptcies: A Practical Analysis,"
Akron Law Review: Vol. 7
, Article 8.
Available at: http://ideaexchange.uakron.edu/akronlawreview/vol7/iss3/8