The government is given the power to establish bankruptcy laws in Article I, Section 8 of the . The purpose of bankruptcy law is to protect the by giving him or her a fresh start and to ensure treatment of the .

The correct answers are :

federal /  U.S. constitution / debtor / equitable  / creditors

Explanation:

Bankruptcy is a legal procedure that can be initiated by people or businesses which are not able to pay their debts and for those who seek to have the debts discharged. This law blocks your debt to keep to whom a debt is owed from collecting it. It also permits paying the creditors a portion of what it is owed.