United Glossary of Bankruptcy Terms 2012.
Glossary of Bankruptcy.
Chapter 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… … Glossary of Bankruptcy
Chapter 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… … Glossary of Bankruptcy
Chapter 13 bankruptcy — A type of consumer bankruptcy designed to help debtors reorganize their debts and pay all or a portion of them over three to five years. In Chapter 13 bankruptcy, debtors keep their property and use their income to repay creditors according to a… … Law dictionary
Chapter 7 bankruptcy — A consumer liquidation bankruptcy proceeding in which the trustee sells any nonexempt property the debtor owns and distributes the proceeds to the debtor s creditors. At the end of a Chapter 7 case, many or all of the debtor s debts are… … Law dictionary
Chapter 11 bankruptcy — A type of bankruptcy that allows businesses to reorganize their debt load in order to remain in business. Category: Bankruptcy, Foreclosure & Debt → Bankruptcy Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 … Law dictionary
Chapter 12 bankruptcy — A type of bankruptcy that allows small farmers to reorganize their debts. Category: Bankruptcy, Foreclosure & Debt → Bankruptcy Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 … Law dictionary
Chapter 9 bankruptcy — A type of bankruptcy available only to municipalities, including towns, cities, villages, counties, and school districts. Category: Bankruptcy, Foreclosure & Debt → Bankruptcy Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson … Law dictionary
Chapter 11 bankruptcy protection — ➔ protection … Financial and business terms
Chapter 7 bankruptcy — Liquidation or straight bankruptcy, the most familiar sort, in which many or all debts are discharged (i.e., wiped out) completely in exchange for an individual s or business nonexempt property. Proceeds are distributed to creditors. Chapter 7 … Business law dictionary
Chapter 11 bankruptcy — Reorganization bankruptcy mainly for businesses, either voluntary or involuntary, in which the debtor remains in possession and control of the business. The creditors and the debtor agree on a plan that permits the business to continue after… … Business law dictionary
