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Researching and Analyzing the Debt Exemption in the Law’s of Iran, England and AmericaDOI: 10.5923/j.ijfa.20120106.07 Keywords: Debt Exemption, Law, Bankruptcy Abstract: Abtract In this article, attempt has been made to explain debt exemption in three legal systems of Iranian, England and America. To do so, a brief description of the historical debt exemption has been also given in the Iranian legal system. Furthermore, a point of criticism has been made about the weak point of rules governing debt exemption and finally a solution has been given to remove the weak point and to prevent the violation of the people's rights.
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