Title 11 of the United States Code
Encyclopedia
Title 11 of the United States Code is the primary source of bankruptcy
Bankruptcy in the United States
Bankruptcy in the United States is governed under the United States Constitution which 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 by adopting the Bankruptcy...

 law in the United States Code
United States Code
The Code of Laws of the United States of America is a compilation and codification of the general and permanent federal laws of the United States...

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Contents

Title 11 is subdivided into nine chapters. It used to include more chapters, but some of them have since been repealed in their entirety. The nine chapters are:
  • Chapter 1 - General Provisions
  • Chapter 3 - Case Administration
  • Chapter 5 - Creditors, the Debtor and the Estate
  • Chapter 7
    Chapter 7, Title 11, United States Code
    Chapter 7 of the Title 11 of the United States Code governs the process of liquidation under the bankruptcy laws of the United States...

     - Liquidation
  • Chapter 9
    Chapter 9, Title 11, United States Code
    Chapter 9, Title 11 of the United States Code is a chapter of the United States Bankruptcy Code, available exclusively to municipalities and assists them in the restructuring of debts...

     - Adjustment of Debts of a Municipality
  • Chapter 11
    Chapter 11, Title 11, United States Code
    Chapter 11 is a chapter of the United States Bankruptcy Code, which permits reorganization under the bankruptcy laws of the United States. Chapter 11 bankruptcy is available to every business, whether organized as a corporation or sole proprietorship, and to individuals, although it is most...

     - Reorganization
  • Chapter 12
    Chapter 12, Title 11, United States Code
    Chapter 12 of Title 11 of the United States Code, or simply chapter 12, is a chapter of the Bankruptcy Code. It is similar to Chapter 13 in structure, but it offers additional benefits to farmers and fishermen in certain circumstances, beyond those available to ordinary wage earners...

     - Adjustment of Debts of a Family Farmer or Fisherman with Regular Annual Income
  • Chapter 13
    Chapter 13, Title 11, United States Code
    Chapter 13 of the United States Bankruptcy Code, codified under Title 11 of the United States Code, governs a form of bankruptcy in the United States that allows individuals to undergo a financial reorganization supervised by a federal bankruptcy court. The goal of Chapter 13 is to enable...

     - Adjustment of Debts of an Individual with Regular Income
  • Chapter 15
    Chapter 15, Title 11, United States Code
    Chapter 15, Title 11, United States Code is a section of the United States bankruptcy code that deals with jurisdiction. Under Chapter 15 a representative of a corporate bankruptcy proceeding outside the U.S. can obtain access to the United States courts...

     - Ancillary and Other Cross-Border Cases

External links

  • U.S. Code Title 11, via United States Government Printing Office
    United States Government Printing Office
    The United States Government Printing Office is an agency of the legislative branch of the United States federal government. The office prints documents produced by and for the federal government, including the Supreme Court, the Congress, the Executive Office of the President, executive...

  • U.S. Code Title 11, via Cornell University
    Cornell University
    Cornell University is an Ivy League university located in Ithaca, New York, United States. It is a private land-grant university, receiving annual funding from the State of New York for certain educational missions...

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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