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 deb ...
law in the
United States Code
The United States Code (formally The Code of Laws of the United States of America) is the official Codification (law), codification of the general and permanent Law of the United States#Federal law, federal statutes of the United States. It ...
.
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 It used to include more chapters, but some of them have since been repealed in their entirety.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: 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
References
Further reading
External links
United States Bankruptcy Codevia usbankruptcycode.org
U.S. Code Title 11 via
United States Government Publishing OfficeU.S. Code Title 11 via
Cornell University
Cornell University is a Private university, private Ivy League research university based in Ithaca, New York, United States. The university was co-founded by American philanthropist Ezra Cornell and historian and educator Andrew Dickson W ...
11
11 (number)
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