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US Bankruptcy Code
Practical Law UK Glossary 8-384-9760 (Approx. 3 pages)
Glossary
US Bankruptcy Code
The informal name for Title 11 of the US Code. Title 11 is subdivided into 15 chapters, six of which have been repealed leaving the following nine chapters in effect:
- 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 9: Adjustment of debts of a municipality (§§ 901-946).
- Chapter 11: Reorganisation (§§ 1101-1174)
- Chapter 12: Adjustment of debts of a family farmer or fisherman with regular annual income (§§ 1201-1231).
- Chapter 13: Adjustment of debts of an individual with regular income (§§ 1301-1330).
- Chapter 15: Ancillary and other cross-border cases (§§ 1501-1532).
For the text of the US Bankruptcy Code, see Cornell University's maintained and free online publication of Title 11 of the US Code.