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What Rules Govern the Bankruptcy Process - Explained

Title 11 of the US Bankruptcy Code

Written by Jason Gordon

Updated at April 7th, 2023

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What rules govern the bankruptcy process?

The rules governing the bankruptcy process are contained in Title 11 of the US Code of Statutes. The relevant sections of the bankruptcy code are organized as follows:

Chapter 1 General Provisions Definitions, Powers of Court

Chapter 3 Case Administration

Note: Chapters 1, 3, and 5 are generally applicable to all bankruptcy cases

Chapter 5 Creditors and Claims

Chapter 7 Liquidation

Chapter 9 Municipal Bankruptcy

Chapter 11 Reorganization

Chapter 13 Individual Reorganization

Bankruptcy law is augmented by common law interpretation of statutes and regulations by federal bankruptcy courts. Further, state priority laws and exemptions are integrated into the bankruptcy process.

Next Article: What is the Authority of the Bankruptcy Court

Back to: BANKRUPTCY LAW

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bankruptcy process rules rules bankruptcy process

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