Bankruptcy terms starting with B

15 terms

  1. Balance Sheet A financial statement showing the nature and amount of a company's assets, liabilities and shareholders' equity.
  2. Ballot Either in paper form or electronic, the mechanism for voters to show their vote preferences.
  3. Bankruptcy The legal proceedings by which the affairs of a bankrupt person are turned over to a trustee or receiver for administration under the bankruptcy laws.
  4. bankruptcy administrator An officer of the judiciary serving in the judicial districts of Alabama and North Carolina who, like the U.S.
  5. bankruptcy administrators 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.
  6. Bankruptcy appellate panels (BAPS) In the circuits that have them, BAPs share the appellate role of the district court in bankruptcy filings; composed of three bankruptcy judges.
  7. Bankruptcy Code The informal name for title 11 of the United States Code (11 U.S.C. §§ 101-1330), the federal bankruptcy law.
  8. bankruptcy court The bankruptcy judges in regular active service in each district; a unit of the district court.
  9. bankruptcy estate All legal or equitable interests of the debtor in property at the time of the bankruptcy filing.
  10. Bankruptcy Judge A judicial officer of the United States district court who is the court official with decision-making power over federal bankruptcy cases.
  11. bankruptcy petition The document filed by the debtor (in a voluntary case) or by creditors (in an involuntary case) by which opens the bankruptcy case.
  12. bankruptcy reform act of 1978; bankruptcy amendments and judgeship act of 1984 Two federal laws that set out the organization and jurisdiction of the bankruptcy system.
  13. bar date Date set by the court for filing objections to pleadings.
  14. bench trial Trial without a jury in which a judge decides the facts.
  15. Brief 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…