Bankruptcy
101wage-earner bankruptcy — (see Chapter 13 and personal bankruptcy) (Common Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …
102Chapter 7 bankruptcy — The chapter of the Bankruptcy Code providing for liquidation, (i.e. the sale of a debtor s nonexempt property and the distribution of the proceeds to creditors). What s up with the new bankruptcy law? United Glossary of Bankruptcy Terms 2012 …
103Chapter 11 bankruptcy — A reorganization bankruptcy, usually involving a corporation or partnership. A Chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time (BANKRUPTCY DICTIONARY OF TERMS)/. United Glossary… …
104Chapter 13 bankruptcy — The chapter of the Bankruptcy Code providing for adjustment of debts of an individual with regular income. Chapter 13 allows a debtor to keep property and pay debts over time, usually three to five years (BANKRUPTCY DICTIONARY OF TERMS)/. United… …
105claim provable in bankruptcy — Any claim or liability that is provable in a proceeding under the Bankruptcy and insolvency Act. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …
106date of the initial bankruptcy event — In respect of a person, it means the earliest of the date of filing or making: an assignment into bankruptcy; a proposal; a Notice of Intention to Make a Proposal; the first petition for a Receiving Order. (Dictionary of Canadian Bankruptcy… …
107pre-bankruptcy planning — The transmutation of a debtor s property in an effort to maximize the benefits afforded by the exemption statutes. Prebankruptcy planning typically includes converting nonexempt assets into exempt assets (SA Bankruptcy.com) The arrangement (or… …
108Chapter 7 - Individual Bankruptcy — A petition designed to liquidate the debtor s property, pay off his or her creditors, and discharge the debtor from his or her other debts (Legal Dictionary: Bankruptcy Law) United Glossary of Bankruptcy Terms 2012 …
109Bankruptcy in the United States — The United States Constitution (Article 1, Section 8, Clause 4) authorizes Congress to enact uniform Laws on the subject of Bankruptcies throughout the United States. Congress has exercised this authority several times since 1801, most recently… …
110Bankruptcy in Canada — The procedures and legal consequences of consumer bankruptcy in Canada are governed by Canadian federal legislation.OverviewConsumer bankruptcy is a legislative procedure under Bankruptcy and Insolvency Act ( the BIA ) *(1) complemented by… …
