Three legal dichotomies involved.
1.    State v. federal law.  State law is important but it has to fit with b/r law.  Ex.  Exemption law is controlled by state and not federal law, and yet b/r law is supreme b/c of preemption.  (Note that international law may also be implicated.
2.    Consumer v. business:  most of the provisions in b/r code apply to consumers and businesses, but they are two different worlds involving different policies.  Note that for business b/r, the debtor may stay in control of business.  This makes sense in an environment where the entire economy is in trouble—you can’t necessarily blame management for a failing business in that case.
3.    Sellout v. payout b/r:  Sell-out:  trustee gathers all non-exempt prop, sells and pays off all of creditors.  Pay-out—debtor will keep assets, and pay off creditors over time with future income.  We have pay-out b/r b/c creditors have the hope that they will be paid more than they would if there was liquidation b/r.  Note that secured creditors would just assume skip pay-out b/c they are secured.