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 It used to include more chapters, but some of them have since been repealed in their entirety.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 Chapter Seven refers to a seventh Chapter (books), chapter in a book.
Chapter Seven, Chapter 7, or Chapter VII may also refer to:
Albums
* Chapter Seven (album), ''Chapter Seven'' (album), a 2013 album by Damien Leith.
* Chapter VII (album), ''Ch ...
: 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, w ...
: 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 ...
: Adjustment of Debts of an Individual with Regular Income
*
Chapter 15
Chapter 15, Title 11, United States Code is a chapter of the United States Bankruptcy Code that deals with jurisdiction in certain bankruptcy cases. Under Chapter 15, foreign bankruptcy proceedings can be recognised by US courts and foreign re ...
: 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 informati ...
U.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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