us bankruptcy code
101Chapter 15 — the chapter of the Bankruptcy Code dealing with cases of cross border insolvency. It was formerly known as Section 304 (Glossary of Common Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …
102dischargeable debt — a debt for which the bankruptcy code allows the debtor s personal liability to be eliminated (Glossary of Common Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …
103avoidance — The Bankruptcy Code permits the debtor to eliminate (avoid) some kinds of liens that interfere with (or impair) an exemption claimed in the bankruptcy. Most judgment liens that have attached to the debtor s home can be avoided if the total of the …
104Банкротство — (Bankruptcy) Банкротство это признанная судом неспособность исполнить обязательства по уплате взятых в долг денежных средств Суть банкротства, его признаки и характеристика, законодательство о банкротстве, управление и пути предотвращения… …
105trustee — an agent of the court who manages the property of the debtor for the benefit of the creditors. The court appoints a trustee in most Chapter 7 cases and in Chapter 11 cases when it determines that the debtor s management should not remain in their …
106substantial abuse — a term that refers to the abuse of the privilege to file a petition. It usually describes fraud in cases of personal bankruptcy (Glossary of Common Bankruptcy Terms) The court may dismiss a Chapter 7 bankruptcy of an individual whose debts are… …
107claim — A right to payment (SA Bankruptcy.com) A right to payment, whether or not fixed, contingent, liquidated, disputed, or matured. (Bernstein s Dictionary of Bankruptcy Terminology) BAR DATE The date by which claims must be filed with the Bankruptcy… …
108automatic stay — the suspension of actions, such as debt collection or foreclosure, against the company in bankruptcy. This occurs automatically when a bankruptcy petition is filed. This action protects the debtor from creditors seeking to seize its assets. It… …
109conversion — changing chapters in bankruptcy (e.g., converting from Chapter 11 to Chapter 7 or vice versa) (Glossary of Common Bankruptcy Terms) In bankruptcy, the converting of a case from one chapter to another. When a debtor in possession under Chapter 11… …
110debt relief agency — Any person who provides any bankruptcy assistance to an assisted person in return for the payment of money or other valuable consideration. Does not include nonprofit organizations, creditors of assisted persons, depository institutions, or… …
