Bankruptcy Court A specialized federal court that hears only bankruptcy cases. Bankruptcy courts are established in districts in every state, and petitioners file for bankruptcy in the district where the petitioner lives or does business.
Bankruptcy Court
(n) Bankruptcy Court is legal authority who can hear and decide on petitions from persons or business entities requesting them to be declared as bankrupt when their liabilities exceeds the assets and properties owned by them and such ...
U.S. BANKRUPTCY COURTS - Each federal district court has a bankruptcy unit that hears and decides petitions of individuals and businesses seeking relief from bankruptcy. Under the federal bankruptcy code, there are four categories of such cases: ...
bankruptcy court : a court that is a unit of a federal District Court and has original jurisdiction over bankruptcy cases NOTE: Bankruptcy courts were created by Congress as part of the 1898 Bankruptcy Act. Article ...
Bankruptcy courts deal with two broad types of cases: Voluntary Bankruptcy by debtors seeking a fresh start, and Involuntary Bankruptcy filed by a sufficient number of creditors, ...
bankruptcy court
n. the specialized federal court in which bankruptcy matters unde...
bankruptcy proceedings
n. the bankruptcy procedure is: a) filing a petition (voluntary o...
United States Bankruptcy Court - The judicial body which hears matters pertaining to bankruptcy and reorganization.
United States Court of Appeals - Courts which hear appeals from federal district courts, bankruptcy courts, and tax courts.
a bankruptcy court, has entered an order staying the proceedings. The relief from stay order is obtained by filing a motion for relief from stay.
a system of statutes and courts which permits persons and businesses which are insolvent (debtors) or (in some cases) face potential insolvency, to place his/her/its financial affairs under the control of the bankruptcy court.
In a more technical sense, in English and American law, an adjudication is an order of the bankruptcy courts by which a debtor is adjudged bankrupt and his property vested in a trustee.
Bankruptcy: A legal proceeding in which a person who is financially insolvent requests the federal bankruptcy court to determine his or her debts and use his or her assets to pay those debts.
An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy.
The process by which federal bankruptcy courts help consumers and businesses in financial trouble to eliminate some debts or repay them under the protection of bankruptcy courts.
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Discharge - The name given to the bankruptcy court's formal discharge of a debtor's debts. In probate, the release of the estate's representative from fiduciary responsibility.
Disclaim - To refuse a gift made in a will.
Under the protection of the bankruptcy court, debtors may be released ('discharged') from their debts completely or allowed to repay them in whole or in part on a manageable schedule. Federal bankruptcy judges preside over these proceedings.
Definition - Noun
: a plan submitted for approval to a bankruptcy court by a corporation seeking to reorganize under chapter 11 of the Bankruptcy Code that sets out the proposed restructuring
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Under the protection of the bankruptcy court, debtors may be released from or "discharged" from their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
Notice to creditors - A notice given by the bankruptcy court to all creditors of a meeting of creditors.
Nuncupative will - An oral (unwritten) will.
Under a Chapter 13 bankruptcy, the debtor's repayment obligations are restructured under a plan approved by the bankruptcy court. Creditors cannot seek repayment outside of what the plan provides. The debtor is restricted in obtaining new credit.
bankruptcy: The legal way for a business or person to get help when they can't pay the money they owe. In bankruptcy court, they can get rid of debts by paying part of what they owe. There are special bankruptcy judges at these hearings.
Involuntary bankruptcy - A proceeding initiated by creditors requesting the bankruptcy court to place a debtor in liquidation.
United States Court of Appeals: Courts which hear appeals from federal district courts, bankruptcy courts, and tax courts.
Subject Matter Jurisdiction: The court's power to deal with the general subject matter involved in a case. For example, a bankruptcy court judge has no subject matter jurisdiction to hear a divorce case.
bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, ...
For example, the property of a bankrupt can be said to be custodia legis - lawfully owned and controlled by a receiver or the trustee acting on behalf of the bankruptcy court.
in one of three ways: over acts committed in a defined territory (e.g. the jurisdiction of the Supreme Court of Illinois is limited to acts committed or originating in Illinois); over certain types of cases (the jurisdiction of a bankruptcy court is ...
United States Bankruptcy Court
United States Court of Appeals
United States Court of Claims
United States Court of Customs & Patent Appeals
United States Court of International Trade
United States Court of Military Appeals ...
 See also: Bankruptcy, Bankrupt, Court, Law, State
  
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