BankruptcyFrom Wex everyone's resource for law learning Table of contents bankruptcy an overview Bankruptcy law provides for the development of a plan that allows a debtor who is unable to pay his creditors to resolve his debts through the division of his assets among his creditors This supervised division also allows the interests of all creditors to be treated with some measure of equality Certain bankruptcy proceedings allow a debtor to stay in business and use revenue generated to resolve his or her debts An additional purpose of bankruptcy law is to allow certain debtors to free themselves of the financial obligations they have accumulated after their assets are distributed even if their debts have not been paid infull Bankruptcy law is federal statutory law contained in Congress passed the Bankruptcy Code under its Constitutional grant of authority to establish uniform laws on the subject of Bankruptcy throughout the United States See States may not regulate bankruptcy though they may pass laws that govern other aspects of the debtor creditor relationship See A number of sections of Title incorporate the debtor creditor law of the individual states Bankruptcy proceedings are supervised by and litigated in the These courts are

THE CONSTITUTION OF THE UNITED STATES Excerpt from Article I Section The Congress shall have Power To establish uniform Laws on the subject of Bankruptcies throughout the United States U S C UNITED STATES CODE TITLE BANKRUPTCY The following is the bankruptcy code before amendment by The Bankruptcy Abuse Prevention and Consumer Protection Act of To see the code as amended Includes revisions of the th Congress Religious Liberty and Charitable Donation Protection Act revisions to Sections SUBCHAPTER IV RAILROAD REORGANIZATION §§ OMITTED TITLE JUDICIARY AND JUDICIAL PROCEDURE PART IV JURISDICTION AND VENUE CHAPTER DISTRICT COURTS JURISDICTION CHAPTER DISTRICT COURTS VENUE CHAPTER DISTRICT COURTS REMOVAL OF CASES FROM STATE COURTS U S C UNITED STATES CODE TITLE BANKRUPTCY CHAPTER GENERAL PROVISIONS § Definitions In this title accountant means accountant authorized under applicable law to practice public accounting and includes professional accounting association corporation or partnership if so authorized affiliate means of this title with respect to which there is a customer as defined in section of this title community claim means claim that arose before the commencement of the case concerning the debtor for which property of the kind specified in section of this title is liable whether or

U S House of Representatives Downloadable U S Code The following downloadable files are in text format < MB < MB < MB < MB < MB < MB < MB < MB < MB < MB < MB

APPENDIX COMMENCEMENT OF CASE PROCEEDINGS RELATING TO PETITION AND ORDER FOR RELIEF OFFICERS AND ADMINISTRATION NOTICES MEETINGS EXAMINATIONS ELECTIONS ATTORNEYS AND ACCOUNTANTS CLAIMS AND DISTRIBUTION TO CREDITORS AND EQUITY INTEREST HOLDERS PLANS THE DEBTOR DUTIES AND BENEFITS COURTS AND CLERKS COLLECTION AND LIQUIDATION OF THE ESTATE ADVERSARY PROCEEDINGS APPEALS TO DISTRICT COURT OR BANKRUPTCY APPELLATE PANEL GENERAL PROVISIONS UNITED STATES TRUSTEES by telephone at or or by fax at Questions or comments regarding this service? Contact the GPO Access User Support Team by Internet e mail at by telephone at or or by fax at Questions or comments regarding this service? Contact the GPO Access User Support Team by Internet e mail at by telephone at or or by fax at Questions or comments regarding this service? Contact the GPO Access User Support Team by Internet e mail at by telephone at or or by fax at Questions or comments regarding this service? Contact the GPO Access User Support Team by Internet e mail at by telephone at or or by fax at Questions or comments regarding this service? Contact the GPO Access User Support Team by Internet e mail at by telephone at or or by fax at