Bankruptcy

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.

Finance

Bankruptcy Articles

Issue Year and Patent Numbers Since 1836

The current patent numbering system began with a patent issued on July 13, 1836. Prior to that date, 9,957 patents had been issued. The user should note that the data in this table have been checked but that it may still not be completely devoid of ...
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It Doesn’t Pay to be Ordinary: Recent Developments in Preference Law Under Bankruptcy Code Section 547(c)(2)

Few travesties are more unsettling to creditors then the prospect of their account debtor's bankruptcy filing. Visions of minimal distributions on outstanding balances all too often prove a reality for the commercial lender or trade creditor, as ...
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It’s Not Too Late to Convert to a Roth IRA

If you are eligible to convert a regular IRA to a Roth, chances are you should do it, and you should do it quickly! If a single taxpayer (or married couple) has Adjusted Gross Income ("AGI") of $100,000 or less, a regular IRA can be converted to a ...
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Landlords May Require Payment of Entire Month’s Rent Even if Debtor Rejects the Lease in Mid-month

In a recent case that may prove beneficial to landlords, the Bankruptcy Court for the Northern District of Ohio ruled that a landlord is entitled to a full month's post-bankruptcy rent even if, pursuant to Bankruptcy Code Section 365, the debtor ...
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Law Notes: A Public Service Information Service

Produced by Sheldon Stein, Attorney At Law How to Get Your Bills Under Control There is hope for those suffering from severe financial difficulties. Bankruptcy and Chapter 13 enable individuals to solve their debt problems and get a "fresh start" in ...
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Legislative Update: the Bankruptcy Code

As widely reported, Congress considered a number of significant amendments to the Bankruptcy Code in the second half of 1998, including a comprehensive bankruptcy reform bill. Although this comprehensive bill was not enacted, several significant ...
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Lessors Entitled To A Chapter 11 Administrative Priority Claim for Rent under A Post-Bankruptcy Lease after A Chapter 7 Conversion

When a Chapter 11 debtor assumes a real property lease and then subsequently defaults, the lessor is granted an administrative claim for future rent under the assumed lease. But what happens to a lessor, who had no pre-bankruptcy dealings with a ...
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Liquidation Under The Bankruptcy Code: Chapter 7

Chapter 7 of the United States Bankruptcy Code is the Bankruptcy Code's "liquidation" chapter. It is used primarily by individuals who wish to free themselves of debt simply and inexpensively, but may also be used by businesses that wish to ...
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Management’s Discussion and Analysis of Financial Condition and Results of Operations or “MD&A”

The recent scandals involving Enron, Global Crossing and Worldcom, together with various well-publicized investigations into the accounting policies and disclosure practices of a number of other prominent companies, have triggered an unprecedented ...
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MD&A in the Post-Sarbanes-Oxley Era

The recent scandals involving Enron, Global Crossing and Worldcom, together with various well-publicized investigations into the accounting policies and disclosure practices of a number of other prominent companies, have triggered an unprecedented ...
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