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A statement of financial condition as of a specific date.
- Browse Related Terms: Affidavit, Affirmation, Agent, balance sheet, Court, Deposition, jurisprudence, petition preparer, Subpoena, Writ
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The method by which a creditor may vote to accept or reject the debtors plan for reorganization.
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A legal procedure for dealing with debt problems of individuals and businesses; specifically, a case filed under one of the chapters of title 11 of the United States Code (the Bankruptcy Code).
A complex, technical area of the law; applies to individuals or businesses that are unable to pay their bills as they come due, or for whom paying their bills is no longer realistic.
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An officer of the judiciary serving in the judicial districts of Alabama and North Carolina who, like the U.S. trustee, is responsible for supervising the administration of bankruptcy cases, estates, and trustees; monitoring plans and disclosure statements; monitoring creditors' committees; monitoring fee applications; and performing other statutory duties. Compare U.S. trustee.
- Browse Related Terms: bankruptcy administrator, bankruptcy administrators, Chief Judge, Clerk of Court, party in interest, standing trustee, U.S. trustee, u.s. trustees
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Handle administrative matters in bankruptcy cases in Alabama and North Carolina; appointed by the U.S. Court of Appeals; take the place of U.S. trustees. Compare with U.S. trustees.
- Browse Related Terms: bankruptcy administrator, bankruptcy administrators, Chief Judge, Clerk of Court, party in interest, standing trustee, U.S. trustee, u.s. trustees
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In the circuits that have them, BAPs share the appellate role of the district court in bankruptcy filings; composed of three bankruptcy judges.
- Browse Related Terms: Bankruptcy appellate panels (BAPS), bankruptcy court, bankruptcy judge, bankruptcy reform act of 1978; bankruptcy amendments and judgeship act of 1984, case administrator system, change of venue, dismissal, en banc, final decree, joint administration, judge, jurisdiction, venue
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Title 11 of the U.S. Code; governs bankruptcy proceedings.
The informal name for title 11 of the United States Code (11 U.S.C. §§ 101-1330), the federal bankruptcy law.
- Browse Related Terms: adversary proceeding, answer, Bankruptcy Code, bar date, complaint, contested matter, court reporter, defendant, Docket, federal rules of bankruptcy procedure, federalism, plaintiff, pro se, straight bankruptcy
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The bankruptcy judges in regular active service in each district; a unit of the district court.
- Browse Related Terms: Bankruptcy appellate panels (BAPS), bankruptcy court, bankruptcy judge, bankruptcy reform act of 1978; bankruptcy amendments and judgeship act of 1984, case administrator system, change of venue, dismissal, en banc, final decree, joint administration, judge, jurisdiction, venue
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All legal or equitable interests of the debtor in property at the time of the bankruptcy filing. (The estate includes all property in which the debtor has an interest, even if it is owned or held by another person.)
Those of the debtors assets (money or property) that, unless exempt, must be used to pay creditors.
- Browse Related Terms: abandonment, abandonment of property, bankruptcy estate, core proceedings, Distribution, Exemption, exemptions, exempt property, liquidation, objection to exemptions, prebankruptcy planning, Trustee
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A judicial officer of the United States district court who is the court official with decision-making power over federal bankruptcy cases.
- Browse Related Terms: Bankruptcy appellate panels (BAPS), bankruptcy court, bankruptcy judge, bankruptcy reform act of 1978; bankruptcy amendments and judgeship act of 1984, case administrator system, change of venue, dismissal, en banc, final decree, joint administration, judge, jurisdiction, venue
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The document filed by the debtor (in a voluntary case) or by creditors (in an involuntary case) by which opens the bankruptcy case. (There are official forms for bankruptcy petitions.)
- Browse Related Terms: automatic stay, automatic stay provision, bankruptcy petition, contingent claim, creditor, Debtor, fresh start, joint petition, liquidated claim, matrix, Priority, priority claim, proof of claim, schedules, unliquidated claim, unscheduled debt
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Two federal laws that set out the organization and jurisdiction of the bankruptcy system.
- Browse Related Terms: Bankruptcy appellate panels (BAPS), bankruptcy court, bankruptcy judge, bankruptcy reform act of 1978; bankruptcy amendments and judgeship act of 1984, case administrator system, change of venue, dismissal, en banc, final decree, joint administration, judge, jurisdiction, venue
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Date set by the court for filing objections to pleadings.
- Browse Related Terms: adversary proceeding, answer, Bankruptcy Code, bar date, complaint, contested matter, court reporter, defendant, Docket, federal rules of bankruptcy procedure, federalism, plaintiff, pro se, straight bankruptcy
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Trial without a jury in which a judge decides the facts.
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A written statement submitted by the lawyer for each side in a case that explains to the judges why they should decide the case or a particular part of a case in favor of that lawyers client.
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