Bankruptcy Code

The informal name for the body of federal bankruptcy law, embodied in Title 11 of the United States Code (11 U.S.C. §§ 101-1532). Title 11 is subdivided into 15 chapters, six of which have been repealed leaving the following nine chapters in effect: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: Reorganization (§§ 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 Bankruptcy Code, see Cornell University's maintained and free online publication of Title 11 of the US Code.

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