Federal laws which govern bankruptcy proceedings.
Federal law that governs bankruptcy proceedings. Bankruptcy court - Special courts under federal law that deal exclusively with administering bankruptcy proceedings, presided over by a bankruptcy judge.
Official legislation found at 11 U.S.C. §101 et. seq. ("Title 11") containing the laws for bankruptcy liquidation and rehabilitation cases. Since its passage in 1978 the Code had been modified several times.
Title 11 of the United States Code sets forth the Bankruptcy Code. The power to establish the Bankruptcy is found in the United States Constitution. The Bankruptcy Code is a federal law and contains federal exemptions; however, each state can "opt-out" of the federal exemptions and require that their own state exemptions are used. On any other issue, however, federal bankruptcy law, when it conflicts with state laws, "controls" pursuant to the "Supremacy Clause" of the United States Constitution.
The body of a federal statutory law that governs the bankruptcy process.
The informal name for title 11 of the United States Code (11 U.S.C. §§ 101-1330), the federal bankruptcy law.
Title 11 of the United States Code governs bankruptcy proceedings. Bankruptcy is a matter of federal law and is, with the exception of exemptions, the same in every state. When federal bankruptcy law conflicts with state law, federal law controls.
the name given to the statutory body of bankruptcy laws after the Bankruptcy Reform Act of 1978.
The informal name for federal bankruptcy laws.
Federal laws governing the conditions and procedures under which persons claiming inability to repay their debts can seek relief.
