What Rules Govern the Bankruptcy Process?
Title 11 of the US Bankruptcy Code
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
-
Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
- Courses
What rules govern the bankruptcy process?
The rules governing the bankruptcy process are contained in Title 11 of the US Code of Statutes. The relevant sections of the bankruptcy code are organized as follows:
Chapter 1 General Provisions Definitions, Powers of Court
Chapter 3 Case Administration
Note: Chapters 1, 3, and 5 are generally applicable to all bankruptcy cases
Chapter 5 Creditors and Claims
Chapter 7 Liquidation
Chapter 9 Municipal Bankruptcy
Chapter 11 Reorganization
Chapter 13 Individual Reorganization
Bankruptcy law is augmented by common law interpretation of statutes and regulations by federal bankruptcy courts. Further, state priority laws and exemptions are integrated into the bankruptcy process.
Next Article: What is the Authority of the Bankruptcy Court
Back to: BANKRUPTCY LAW