This is FindLaw's collection of Bankruptcy articles, part of the Finance section of the Corporate Counsel Center. Bankruptcy law is federal statutory law contained in Title 11 of the United States Code. Congress passed the Bankruptcy Code under its constitutional grant of authority to "establish... uniform laws on the subject of Bankruptcy throughout the United States." Bankruptcy proceedings are supervised by and litigated in the United States Bankruptcy Courts. Find information about bankruptcy laws, including answers to some of the most frequently asked questions. Law articles in this archive are predominantly written by lawyers for a professional audience seeking business solutions to legal issues. Start your free research with FindLaw.
Bankruptcy
Bankruptcy Articles
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Bankruptcy Questions & Answers
Not in most Chapter 7 and Chapter 13 cases. More often than not, filing a bankruptcy petition is a simple process which can be handled through a competent paralegal. That is not to say that there are not cases with extenuating circumstances which ...
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Chapter 12 and Family Farm Bankruptcies
In contrast, for business entities, more than eighty percent (80%) of the entities' assets must relate to the farming operations, more than fifty percent (50%) of the stock or equity must be owned by one family and relatives, and the family must ...
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Bankruptcy: Chapter 7
Chapter 7 consumer bankruptcy is designed for individuals, married couples and small business owners wishing to make a fresh start, but who are substantially unable to pay debts from current income. While an enterprise debtor in a business ...
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New Mexico Bankruptcy Law: Creditors' Meeting Explained
To those who are not familiar with the process, the bankruptcy process can be complicated and confusing at times. As such, the Bankruptcy Code and Rules require certain notices to creditors and meetings as a means of expediting and organizing the ...
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Individual Debt Adjustment Bankruptcy: Chapter 13
Chapter 13 of the United States Bankruptcy Code is frequently referred to as a "wage earner" chapter, although it is available to individuals with regular income from any source, not just wages. BackgroundChapter 13 is designed for individuals with ...
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When Divorce Turns into Bankruptcy: Which Debts Are Dischargeable?
Today, more than ever, a divorcing couple must consider how will their settlement agreement or court order be effected if one of the parties files for bankruptcy. A few years ago only child support and alimony obligations were non-dischargeable in ...
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Making Sense of the General Agreement on Trade in Services
Fact Sheet released by the Bureau of Economic and Business Affairs, June 20, 1996Services account for over 70 percent of our GDP and more than 22 percent of world trade. The commitments made in the General Agreement on Trade in Services (GATS) are ...
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Oh, What a Tangled Web the Bankruptcy Code Weaves
Bankruptcy. Tenants' use of this simple word strikes fear in hearts of landlords. What should landlords do when tenants threaten bankruptcy? To untangle the dreaded bankruptcy web, landlords should consider the following: Maybe. A tenant ...
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New Jersey Program Allows Technology Businesses to Sell Tax Losses and Credits
Tax UPDATE New Jersey.s Technology Business Tax Certificate Transfer Program allows new or expanding technology and biotechnology businesses to "sell" their unused net operating loss (NOL) carryovers and unused research and development tax credits ...
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Final Section 16 Reporting and Short Swing Profit Rules: Final Section 16 Rules Are User Friendly
This article analyzes the practical impact of the new Section16 rules on the planning of executive compensation for officers and directors. The new rules eliminate many of the requirements and uncertainties that consumed an inordinate amount of ...