A Free Service Provided By



Legal Topics

Arbitration and Mediation
Car Accidents
Child Support
Child Custody & Visitation

Copyright Law
Criminal Law
Dangerous Drugs
DUI Drunk Driving

Elderly Laws
Employees' Rights
Estate Planning
Family Law
Immigration Law

Lemon Law
Medical Malpractice
Megan's Law
Mesothelioma & Asbestos

Probate & Estates
Product Recalls
Real Estate

Statute of Limitations

Taxes & the IRS
Traffic Violations
Workers' Compensation
Work Related Injury

Privacy Policy

Contact Us

About Us

Facts - Books - News    U.S. Facts Of Law:

Bankruptcy Proceedings

There are several types of bankruptcy in the United States.  Bankruptcy proceedings under chapters 11 , 12 , and 13 allow for the reorganization of a debtor's debts allowing him/her to use future earnings to pay off creditors. Under chapter 7, 12, 13, and some 11 proceedings, a court appointed trustee supervises the liquidation of a debtor's assets to satisfy creditors. Chapter 11 bankruptcy proceedings are usually used by large corporations and are more complicated than those under chapter 13.  Bankruptcy proceedings may be voluntarily instituted by the debtor or, in some cases, involuntarily instituted by ones creditors.

Chapter 13 and chapter 12 bankruptcy are very similar.  However, the latter is only available to farmers and ranchers and allows for a larger amount of debt.  And, chapter 9 bankruptcy is available to municipalities who cannot meet their financial obligations.

Under recent changes to bankruptcy laws, debtors filing for chapter 7, liquidation, bankruptcy must wait eight years between separate filings.  It also stipulates that mandatory counseling classes be attended after the required online filing.

Prior to filing for bankruptcy bill collectors may not contact you at unreasonable hours at home and may not disclose your financial situation to your employer, friends or relatives.  They may not contact you at work either if they know your employer disapproves of such contact.  If you have retained an attorney they may only contact you through your attorney.


Bankruptcy Proceedings Best Sellers from

(no title)


Newsfeed display by CaRP

Bankruptcy Proceedings News
GN News

This RSS Feed URL Is Deprecated
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at

Remington Arms Exiting Bankruptcy Proceedings Remington Arms Exiting Bankruptcy Proceedings SYRACUSE, NY WRVO Remington Arms, a firearms manufacturer that employs roughly 900 people in the Mohawk Valley, has emerged from bankruptcy proceedings. The company announced Thursday that it has successfully implemented a plan of and more raquo

Cambridge Analytica Starts Bankruptcy Proceedings In US BBC News
BBC News Cambridge Analytica starts bankruptcy proceedings in US BBC News Cambridge Analytica has filed for bankruptcy in the US. The consultancy was at the centre of the Facebook data sharing scandal in which it was accused of improperly obtaining information on users. The bankruptcy proceedings are part of the process of Cambridge Analytica files for bankruptcy in US following Facebook debacleReuters The Tattered Remains of Cambridge Analytica Just Filed for Bankruptcy in the USGizmodo Cambridge Analytica files for bankruptcy amidst siege of negative attentionArs Technica The Hill CA Commercial all 231 news articles raquo

Hicks Denied Vacation Request Bankruptcy Trustee Calls BobbyApril Sale Aposfr...
RichmondBizSense Hicks denied vacation request bankruptcy trustee calls BobbyApril sale 39fraudulent39 RichmondBizSense Prosecutor Sau Chan of the commonwealth39s attorney39s office argued against the request, questioning how he has the ability to take such a trip in light of his bankruptcy proceedings, in which he has testified that he has far fewer assets than the 4.6

Dowling Alumni Seek To Resurrect The Bankrupt College Newsday
Newsday Dowling alumni seek to resurrect the bankrupt college Newsday The college which lost its accreditation, ran out of funds and closed in 2016 sold the Oakdale property for 26.1 million at auction last year as part of its Chapter 11 bankruptcy proceedings. Frank Corso Jr., president of the alumni group and

IMPORTANT NOTICE: This webpage is Copyrighted content.  No portion of this page may be copied to any other webpage, forum, blog or other domain page or offline publication without written permission from Violators will be prosecuted to the fullest extent of the law.

The information provided by does not constitute legal advice or any other type of advice and is provided for educational purposes only without warranty of any kind. has not reviewed the information on this page for accuracy and is not responsible for any errors, omissions or inaccuracies.  For legal advice you should consult a licensed attorney.


Copyright All Rights Reserved -
No Portion of This Page May Be Copied Without Written Permission

Facts of Law explaining basic bankruptcy proceedings

Facts of Law - Bankruptcy Proceedings