There are 94 federal judicial districts. Each of these districts handle bankruptcy matters. Bankruptcy courts refer to the courts in each district that specifically hear bankruptcy cases. In almost every district, bankruptcy courts hear...
bankruptcy
bankruptcy discharge
A bankruptcy discharge is granted by the bankruptcy court to release the debtor permanently from personal liability for certain specified types of debts. In other words, the debtor is no longer legally required to pay any debts that are...
bankruptcy estate
A bankruptcy estate is the property of the debtor who filed bankruptcy. The estate includes all property in which the debtor has an interest, even if it is owned or held by another person - like obvious and tangible assets, or intangible...
bankruptcy fraud
Bankruptcy fraud is a white-collar crime that commonly takes four general forms:
A debtor conceals assets to avoid having to forfeit them. An individual intentionally files false or incomplete forms. Including false information on a...bankruptcy petition preparer
A bankruptcy petition preparer is a non-lawyer who helps debtors to file their bankruptcy documents required by the bankruptcy court for a fee. Bankruptcy petition preparers are called “paralegals” but may not give legal advice, represent...
bankruptcy power
The United States Constitution authorizes Congress under Article I, Section 8, Clause 4 with the power to “establish uniform laws on the subject of bankruptcies throughout the United States." The bankruptcy laws that Congress makes have to be...
bankruptcy proceedings
A bankruptcy proceeding is a legally authorized procedure that a bankruptcy case follows through the court system which consists of approving arrangements for the repayment of debts to relieve the debtor of their liability to creditors. The...
bankruptcy trustee
Bankruptcy trustee is an administrator appointed by the court to oversee the debtor’s estate in a bankruptcy proceeding. The trustee can evaluate and make recommendations about various debtor demands, but cannot act without approval of the...
Chapter 11 bankruptcy
Chapter 11 bankruptcy is the formal process that allows debtors and creditors to resolve the problem of the debtor’s financial shortcomings through a reorganization plan; see Tamir v. United States Trustee. Accordingly, the central goal of...
Chapter 12 bankruptcy
In 1986, Congress enacted chapter 12 of the Bankruptcy Code to allow farmer debtors with regular annual income to achieve debt relief. Accordingly, chapter 12 bankruptcy provides relief to debtors who qualify as family farmers and family...