Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole pro.
Title 11 of the United States Code, also known as the Bankruptcy Code, provides the legal framework for the resolution of insolvent entities and individuals. This PDF document contains the full text of the code as of 2020, with annotations and cross-references. It is a valuable resource for anyone interested in the law and practice of bankruptcy in the US.
Chapter 11 refers to the chapter of the US Bankruptcy Code that sets out the statutory procedure for reorganisation proceedings under US bankruptcy law. (US bankruptcy law is a federal law that applies across all US states.)
This is a change in terminology from present law, which identifies the person by or against whom a petition is filed in a straight bankruptcy liquidation case as the "bankrupt", and a person or municipality that is proceeding under a debtor rehabilitation chapter (chapters VIII through XIII of the Bankruptcy Act) [chapters 8 through 13 of
Title 11 - BANKRUPTCY. Browse as List. Search Within. Chapter 1 - GENERAL PROVISIONS (§§ 101 — 112) Chapter 3 - CASE ADMINISTRATION (§§ 301 — 366) Chapter 5 - CREDITORS, THE DEBTOR, AND THE ESTATE (§§ 501 — 562) Chapter 7 - LIQUIDATION (§§ 701 — 784)
Chapter 11 of the House amendment is derived in large part from chapter 11 as contained in the House bill. Unlike chapter 11 of the Senate amendment, chapter 11 of the House amendment does not represent an extension of chapter X of current law [chapter 10 of former title 11
Front Matter + Chapter 1 - General Provisions (Sections 101 - 112) + Chapter 3 - Case Administration (Sections 301 - 366) + Chapter 5 - Creditors, the Debtor, and the Estate (Sections 501 - 562) + Chapter 7 - Liquidation (Sections 701 - 784) + Chapter 9 - Adjustment of Debts of a Municipality (Sections 901 - 946)
Section 1146 of title 11 specifies five subsections which embody special tax provisions that apply in a case under chapter 11 of title 11. Subsection (a) indicates that the tax year of an individual debtor terminates on the date of the order for relief under chapter 11.
Who may be a debtor (a) Notwithstanding any other provision of this section, only a person that resides or has a domicile, a place of business, or property in the United States, or a municipality, may be a debtor under this title. (b) A person may be a debtor under chapter 7 of this title only if such person is not— (1) a railroad;
Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it
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