Title 11 of the United States Code, also known as the United States Bankruptcy Code, is the source of
bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debto ...
law in the
United States Code
In the law of the United States, the Code of Laws of the United States of America (variously abbreviated to Code of Laws of the United States, United States Code, U.S. Code, U.S.C., or USC) is the official compilation and codification of the ...
.
Chapters
Title 11 is subdivided into nine chapters. It used to include more chapters, but some of them have since been repealed in their entirety. The nine chapters 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
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, wheth ...
: Reorganization
*
Chapter 12
Chapter 12 of Title 11 of the United States Code, or simply chapter 12, is a chapter of the Bankruptcy Code. It is similar to Chapter 13 in structure, but it offers additional benefits to farmers and fishermen in certain circumstances, beyond th ...
: Adjustment of Debts of a Family Farmer or Fisherman with Regular Annual Income
*
Chapter 13
Title 11 of the United States Code sets forth the statutes governing the various types of relief for bankruptcy in the United States. Chapter 13 of the United States Bankruptcy Code provides an individual with the opportunity to propose a plan o ...
: Adjustment of Debts of an Individual with Regular Income
*
Chapter 15: Ancillary and Other Cross-Border Cases
References
Further reading
External links
United States Bankruptcy Codevia usbankruptcycode.org
U.S. Code Title 11 via
United States Government Publishing Office
The United States Government Publishing Office (USGPO or GPO; formerly the United States Government Printing Office) is an agency of the legislative branch of the United States Federal government. The office produces and distributes informatio ...
U.S. Code Title 11 via
Cornell University
Cornell University is a private statutory land-grant research university based in Ithaca, New York. It is a member of the Ivy League. Founded in 1865 by Ezra Cornell and Andrew Dickson White, Cornell was founded with the intention to tea ...
11
11 (number)
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