The article provides a comprehensive overview of bankruptcy and debtor-creditor laws, covering topics such as extrajudicial and judicial debt collection, creditor rights, bankruptcy procedures, property rights, exemptions, and the impact of bankruptcy on different types of claims. It explains the different chapters of bankruptcy, including Chapter 7 for liquidation, Chapter 11 for reorganization, and Chapter 13 for individual debt adjustment. The main goal is to outline the legal framework governing debtor-creditor relationships and the process of bankruptcy, offering insights into how individuals and businesses can navigate financial difficulties and resolve debts.