See Also:
Bankruptcy Chapter 7
Bankruptcy Chapter 11
Bankruptcy Chapter 12
Bankruptcy Chapter 13
Bankruptcy Costs
Bankruptcy Courts
Bankruptcy Information
Bankruptcy Code
U.S. bankruptcy laws are stated in U.S. Code Title 11 also referred to as the Bankruptcy Code. The code consists of several chapters outlining different bankruptcy categories and procedures. Based on the debtor’s circumstances, the financially distressed debtor can file for bankruptcy under the appropriate chapter. Bankruptcies usually fall into one of two categories: liquidation or reorganization. Bankruptcy proceedings take place in
Bankruptcy Courts.
Title 11 – Bankruptcy CodeThe chapters of U.S. Code Title 11 are:
Chapter 1 - General Provisions
Chapter 3 - Case Administration
Chapter 5 - Creditors, the Debtor, and the Estate
Chapter 7 - Liquidation
Chapter 9 - Adjustment of Debts of A Municipality
Chapter 11 - Reorganization
Chapter 12 - Adjustment of Debts of A Family Farmer Or Fisherman With Regular Annual Income
Chapter 13 - Adjustment of Debts of An Individual With Regular Income
Chapter 15 - Ancillary and Other Cross-Border Cases
For more details regarding US Code Title 11, go to:
uscode.house.gov