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Glossary of bankruptcy terms.(Selected Topics)(Glossary)
As you work with bankrupt accounts, you may come across a umber of terms that may be unfamiliar to you. Below is a list of some of the more important terms that you will need to know to properly manage customers that have filed for bankruptcy protection.
ADVERSARY PROCEEDINGS. A lawsuit arising in or related to a bankruptcy case, commenced by filing a complaint with the Court.
AUTOMATIC STAY. An injunction issued automatically when a petition for bankruptcy protection is filed. The automatic stay is an injunction that halts all lawsuits, foreclosures, garnishments, and all collection activity against the debtor as soon as a bankruptcy petition is filed.
BANKRUPTCY CODE. The federal bankruptcy law, contained in Title 11 of the United States Code.
BANKRUPTCY COURT. A Federal Court specializing in handling bankruptcy cases.
BAR DATE. The date by which claims from pro-petition creditors should be filed with the Bankruptcy Court.
CHAPTER 7. The Chapter of the Bankruptcy Code that deals with the liquidation of a debtor's assets.
- The strategic choice of Chapter 11: an examination of the critical...
- Magazine article from: Review of Business Farid, Mamdouh I. Flynn, David M. March 22, 1992 700+ words
...development in the Bankruptcy Code, and its non-traditional...protective aspect of Chapter 11 for firms faced...business survival after Chapter 11. What is the Protective Environment of Chapter 11 ? The intent of...reforms of the 1978 Bankruptcy Code attempt to speed ...
- Application Of Chapter 15 Of The US Bankruptcy Code To Non-US Insolvency...
- News wire article from: Mondaq Business Briefing September 17, 2008 700+ words
...in New York of applications made under Chapter 15 of the US Bankruptcy Code for non-US insolvency proceedings to...US entities. By way of background, Chapter 15 of the US Bankruptcy Code enables a liquidator of non-US insolvency...
- FORM 8-K: CALIFORNIA COASTAL COMMUNITIES ANNOUNCES FILING PETITION UNDER...
- News wire article from: US Fed News Service, Including US State News November 12, 2009 700+ words
...Filing Petition Under Chapter 11 Bankruptcy Code. Exact name of registrant...voluntary petitions (the "Chapter 11 Petitions") for relief under chapter 11 of title 11 of the...States Code (the "Bankruptcy Code") in the United States...
- 50-OFF Stores announces filing under Chapter 11 of the bankruptcy code.
- Press release article from: Business Wire October 9, 1996 700+ words
...today that it has filed a petition under Chapter 11 of the Bankruptcy Code. Although management believes it has...without the protections afforded under Chapter 11 of the Bankruptcy Code. The Chapter 11 filing is expected to give management...
- 50-OFF Stores Announces Filing Under Chapter 11 of the Bankruptcy Code
- Press release article from: PR Newswire October 9, 1996 700+ words
...today that it has filed a petition under Chapter 11 of the Bankruptcy Code. Although management believes it has...without the protections afforded under Chapter 11 of the Bankruptcy Code. The Chapter 11 filing is expected to give management...
- United Airlines, US Airways, Delta, Northwest... US Chapter 11.(bankruptcy code)
- News wire article from: Mondaq Business Briefing January 26, 2006 700+ words
...years. Reorganisation under Chapter 11 can help recovery and ultimate...bankruptcy reorganisation. Chapter 11 bankruptcy cases in general...reorganisations filed under chapter 11 of the Bankruptcy Code, the company's management...
- Demystifying Chapter 15 of the Bankruptcy Code.(credit column)
- Magazine article from: Business Credit Nathan, Bruce Horn, Eric June 1, 2009 700+ words
...enactment of the cross-border provisions of Chapter 15 of the Bankruptcy Code. Since then, many Chapter 15 cases have been commenced in the United...However, despite the large number of Chapter 15 filings, there remains a level of uncertainty...
- Worries grow Chapter 9 may be too easy.(Chapter 9 of the federal Bankruptcy...
- Magazine article from: The Bond Buyer Utley, Michael June 23, 1995 700+ words
...protection under Chapter 9 of the federal Bankruptcy Code, but only in extreme...legislation amending Chapter 9, with input from...conflicts between the Bankruptcy Code and basic municipal...easier to access Chapter 9," said Spiotto...
Source: HighBeam Research, Glossary of bankruptcy terms.(Selected Topics)(Glossary)