bankruptcy court — n: a court that is a unit of a federal District Court and has original jurisdiction over bankruptcy cases ◇ Bankruptcy courts were created by Congress as part of the 1898 Bankruptcy Act. Article I, Section 8 of the U.S. Constitution gives… … Law dictionary
bankruptcy court — ➔ court1 * * * bankruptcy court UK US noun [C] LAW, FINANCE ► a special court that deals with situations in which a business or a person becomes unable to pay their debts, and is officially bankrupt: »The agency will assume much of the burden if… … Financial and business terms
bankruptcy court — The specialized federal court that deals with bankruptcy matters as detailed in the Federal Bankruptcy Act. Each state also has a number of such courts, usually covering several counties … Business law dictionary
bankruptcy petition — the document filed with the court to initiate a bankruptcy proceeding (Glossary of Common Bankruptcy Terms) A formal request for the protection of the federal bankruptcy laws. (There is an official form for bankruptcy petitions.)… … Glossary of Bankruptcy
bankruptcy sale — A free and clear sale of debtor s real estate or personal property conducted by the bankruptcy court through the trustee in order to obtain proceeds for distribution to creditors of the bankruptcy estate. (Bernstein s Dictionary of Bankruptcy… … Glossary of Bankruptcy
bankruptcy estate — 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 (Glossary of Common Bankruptcy… … Glossary of Bankruptcy
Bankruptcy Amendments of 1984 — a set of amendments to the Bankruptcy Reform Act of 1978. The Amendments contain a number of provisions including: limiting the jurisdiction of the bankruptcy court, limiting the right of companies to invalidate labor contracts while in… … Glossary of Bankruptcy
United States bankruptcy court — are federal courts that have subject matter jurisdiction over bankruptcy cases. Bankruptcy cases cannot be filed in state court. Each of the 94 federal judicial districts handles bankruptcy matters. The separate system of bankruptcy courts was… … Wikipedia
United States Bankruptcy Court — The judicial body which hears matters pertaining to bankruptcy and reorganization. Short Dictionary of (mostly American) Legal Terms and Abbreviations … Law dictionary
bankruptcy — also failure and insolvency a legal procedure for dealing with debt problems of individuals and business. A non technical term for a legal state of insolvency (Glossary of Common Bankruptcy Terms) A legal procedure for dealing with debt problems… … Glossary of Bankruptcy
