Bankruptcy terms starting with C

31 terms

case administrator system A method of organizing work in the clerks office; one deputy clerk or a team of employees handles all the steps in a single case from start to finish.
case law The law as laid down in cases that have been decided in the decisions of the courts.
Change of venue Moving the case from the jurisdiction of one bankruptcy court to another.
chapter 11 The chapter of the Bankruptcy Code providing (generally) for reorganization, usually involving a corporation or partnership.
chapter 12 The chapter of the Bankruptcy Code providing for adjustment of debts of a "family farmer," or a "family fisherman" as those terms are defined in the…
chapter 13 The chapter of the Bankruptcy Code providing for adjustment of debts of an individual with regular income.
chapter 15 The chapter of the Bankruptcy Code dealing with cases of cross-border insolvency.
chapter 7 The chapter of the Bankruptcy Code providing for "liquidation,"(
chapter 9 The chapter of the Bankruptcy Code providing for reorganization of municipalities (which includes cities and towns, as well as villages, counties, taxing…
chief judge The judge who has primary responsibility for the administration of a court but also decides cases; chief judges are determined by seniority.
Claim Your request for the insurance company to pay you an amount under the terms of your policy.
claims bar date Last day to file proof of claim, usually 90 days after the section 341(a) meeting of creditors.
clerk of court An officer appointed by the court to work with the chief judge in overseeing the courts administration, especially to assist in managing the flow of cases…
Complaint A written communication primarily expressing a grievance against an insurance company or agent.
confirmation This written notice provided by a brokerage acknowledges completion of a securities transaction.
consumer debt Debt incurred by an individual primarily for a personal, family or household purpose.
consumer debtor A debtor whose debts are primarily consumer debts.
consumer debts Debts incurred for personal, as opposed to business, needs.
contested matter Those matters, other than objections to claims, that are disputed but are not within the definition of adversary proceeding contained in Rule 7001.
contingent claim A claim that may be owed by the debtor under certain circumstances,
Contract In most cases, the term "contract" refers to an insurance policy. A policy is considered to be a contract between the insurance company and the…
Conversion The ability, in some states, to switch your job-based coverage to an individual policy when you lose eligibility for job-based coverage.
core proceedings Core proceedings are directly related to the bankruptcy case that arises under the Bankruptcy Code.
counsel Legal advice; a term used to refer to lawyers in a case.
court Government entity authorized to resolve legal disputes. Judges sometimes use "court" to refer to themselves in the third person, as in "the court has read…
court reporter The person who takes down each and every word said in court "on the record" and, when necessary, produces a transcript of what happened at the hearing.
Credit Counseling Education on how to improve bad credit and how to avoid having more debt than can be repaid.
Creditor A person or company who provides credit to another person or company functions as a creditor.
creditors committee In a Chapter 11 case, a group of 7 to 10 unsecured creditors (excluding insiders) are appointed to a committee to keep apprised of the bankruptcy case and…
creditors' meeting see 341 meeting
current monthly income The average monthly income received by the debtor over the six calendar months before commencement of the bankruptcy case, including regular contributions…