The purpose of bankruptcy laws is to provide a collective forum for sorting out the rights of competing claims to the assets of a debtor - if there are not enough assets to go around. Bankruptcy law is federal law. It is primarily statutory, under Title 11 of the United States Code. The text covers the automatic stay of collection; creditors' and debtors' rights; exemptions; collection; and much more. The text provides the scope and highlights you need to excel in understanding this field. This will enable you to answer exam questions more quickly and accurately, and enhance your skills as an attorney.