to petition for bankruptcy
81Deed — For the British cargo ship, see SS Deed. Property law …
82avoidable transfers — The debtor in possession or the trustee, as the case may be, has what are called avoiding powers. Such powers may be used to undo a transfer of money or property made during a certain period of time prior to the filing of the bankruptcy petition …
83period of exclusivity — a debtor in Chapter 11 has the exclusive right to file a plan of reorganization for the first 120 days of its bankruptcy. Thereafter, unless the period of exclusivity is extended by the court, other parties may file reorganization plans. (see… …
84creditor — a person to whom or business to which the debtor owes money or that claims to be owed money by the debtor (Glossary of Common Bankruptcy Terms) That person who has a claim, preferred, secured or unsecured, provable under the Bankruptcy and… …
85preference — a payment by a debtor made during a specified period (90 days or one year) prior to the filing that favors one creditor over others. Preference payments can usually be recovered and returned to the debtor s estate (Glossary of Common Bankruptcy… …
86meeting of Creditors — See Section 341(a) Meeting (SA Bankruptcy.com) United Glossary of Bankruptcy Terms 2012. meeting of creditors Also known as the section 341 meeting or first meeting of creditors. This is an opportunity for the trustee and the creditors to… …
87priority of claim — Claims of some employees, employee benefit plans, domestic support obligations, taxing bodies, and others may be entitled to payment prior to the claims of general unsecured creditors. Wages owed to employees for the last pay period prior to… …
88face sheet filing — A bankruptcy case filed either without schedules or with incomplete schedules listing few creditors and debts. (Face sheet filings are often made for the purpose of delaying an eviction or foreclosure.) family farmer An individual, individual and …
89Chapter 13 - Wage Earner's Plan — A petition designed for any insolvent debtor who is a wage earner to provide the debtor with additional time to pay off creditors (Legal Dictionary: Bankruptcy Law) United Glossary of Bankruptcy Terms 2012 …
90small business debtor — Under Title 11 U.S.C. Section 101: (51D) The term small business debtor (A) subject to subparagraph (B), means a person engaged in commercial or business activities (including any affiliate of such person that is also a debtor under this title… …
