- bankruptcy law
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The area of federal law dealing with the handling of bankrupt persons or businesses.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
bankruptcy law
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Bankruptcy Law — Bankruptcy proceedings are started by a bankruptcy petition, which may be presented to the court by (1) a creditor or creditors; (2) a person affected by a voluntary arrangement to pay debts set up by the debtor under the Insolvency Act (1986);… … Big dictionary of business and management
bankruptcy — bank·rupt·cy / baŋ ˌkrəp sē/ n pl cies 1: the quality or state of a bankrupt filed for bankruptcy 2: the administration of an insolvent debtor s property by the court for the benefit of the debtor s creditors the debt was discharged in bankruptcy … Law dictionary
Bankruptcy Code — the name given to the statutory body of bankruptcy laws after the Bankruptcy Reform Act of 1978 (Glossary of Common Bankruptcy Terms) The common name given to title 11 of the United States Code. The Bankruptcy Code is a set of federal statutes… … Glossary of Bankruptcy
bankruptcy proceedings — The way a bankruptcy case wends its way through the court system, from the time the bankruptcy petition is filed until the debtor receives a bankruptcy discharge. Category: Bankruptcy, Foreclosure & Debt → Bankruptcy Nolo’s Plain English Law… … Law dictionary
Bankruptcy Code — USA The informal name for the body of federal bankruptcy law, embodied in Title 11 of the United States Code (11 U.S.C. §§ 101 1532). Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 … Law dictionary
Bankruptcy Reform Act of 1994 — the most comprehensive piece of bankruptcy legislation since the Bankruptcy Reform Act of 1978; signed into law on October 22, 1994 with most provisions effective immediately; included in the 1994 Act are: provisions to expedite bankruptcy… … Glossary of Bankruptcy
bankruptcy petition — the document filed with the court to initiate a bankruptcy proceeding (Glossary of Common Bankruptcy Terms) A formal request for the protection of the federal bankruptcy laws. (There is an official form for bankruptcy petitions.)… … Glossary of Bankruptcy
law — / lȯ/ n [Old English lagu, of Scandinavian origin] 1: a rule of conduct or action prescribed or formally recognized as binding or enforced by a controlling authority: as a: a command or provision enacted by a legislature see also statute 1 b:… … Law dictionary
China bankruptcy law — The Enterprise Bankruptcy Law of the People s Republic of China (trial Implementation) was first passed in 1986. Twenty years later, the Enterprise Bankruptcy Law of the PRC was introduced on 27 August, 2006. It contains 136 articles, almost 100… … Wikipedia
bankruptcy court — n: a court that is a unit of a federal District Court and has original jurisdiction over bankruptcy cases ◇ Bankruptcy courts were created by Congress as part of the 1898 Bankruptcy Act. Article I, Section 8 of the U.S. Constitution gives… … Law dictionary
