Home > Social Sciences and the Law > Law > Law

Research topic: bankruptcy

Related pictures

Rate these pictures

bankruptcy

The Columbia Encyclopedia, Sixth Edition

bankruptcy in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most instances, to discharge the debtor from further liability. In the United States, bankruptcy is controlled by a federal law adopted in 1898 and amended several times, as by the Chandler Act (1938) and the Bankruptcy Reform Act (1978). Bankruptcy proceedings may be voluntary (instituted by the debtor) or involuntary (instituted by creditors).... Read more

Bankruptcy and Insolvency Legislation
Bankruptcy and Insolvency Legislation When the framers of the Constitution...agricultural products and manufactured goods. A national bankruptcy law was essential to that goal. Although some states, mainly in the North, had insolvency and bankruptcy systems of their own, the Constitution implied that... Read more

Bankruptcy Law
Bankruptcy Law Bankruptcy proceedings are started by a bankruptcy petition, which may be presented to the court by (1) a creditor or creditors; (2) a person affected by a voluntary arrangement to pay debts set up by the debtor under the Insolvency... Read more

Rate these entries | See all related entries

Facts and information from other sites

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

	Canada's bankruptcy courts. ; Bankruptcy law originated with the Romans. In 1542, during the reign of Henry VIII, bankruptcy was introduced to the laws of England. Prior to 1861 in England, only traders could become bankrupt. The Bankruptcy Act, 1861 made all debtors subject to bankruptcy. The... Read more
	As changes are implemented, bankruptcy attorneys gear up ; Bankruptcy attorneys are gearing up for an anticipated blizzard of business before the new federal bankruptcy overhaul bill goes into effect later this year. The American Bankruptcy Institute (ABI) reported that between 30,000 and 210,000 people who dissolve their... Read more
	As changes are implemented, bankruptcy attorneys gear up.(Focus: Professionals) ; Bankruptcy attorneys are gearing up for an anticipated blizzard of business before the new federal bankruptcy overhaul bill goes into effect later this year. The American Bankruptcy Institute (ABI) reported that between 30,000 and 210,000 people who dissolve their... Read more
	MORTGAGES Making payments on time through bankruptcy may save home ; Bankruptcy is a scary topic, especially if you are facing it. What makes it even scarier...single scariest unknown is: What will happen to your home if you file for bankruptcy? Often, you will be able to keep your home, said Leon Bayer, a Los Angeles bankruptcy lawyer. But a lot depends on how much equity ... Read more
	Bankruptcy Business Booms;Law Firms Build Staffs to Match Demand ; Texas bankruptcy lawyers, worried that the boom times...have set their sights on the next bankruptcy hot spot: Washington, D.C. The legal...firms in the area didn't even have a bankruptcy expert a year ago. Now they have entire... Read more
	Top 10 Misconceptions About Bankruptcy ; Bankruptcy law is complex and takes time to master. A basic understanding of the Bankruptcy Code and its principles is essential for effective management...and businesses. There are many misconceptions about bankruptcy. 1. The debtor must be flat broke to file for bankruptcy... Read more
	Debtors race to beat the clock, Congress: Filings deluge bankruptcy courts.(A) ; Bankruptcy lawyers are exhausted and courts are overwhelmed as bill-strapped consumers rush to file for bankruptcy before Congress smoothes out its bankruptcy bill and gets it signed into law. We're all swamped - lawyers, courts, creditors - with bankruptcies... Read more
	Removal of District Court Actions to Bankruptcy Court May be Improper ; Bankruptcy attorneys sometimes find themselves in the unique position...transfer of a pending federal district court action to bankruptcy court. Some may consider removing the action. Indeed...28, which authorizes removal of actions related to a bankruptcy case, can be construed to apply to district court ... Read more
	Area bankruptcies surge in Januaryt ; Bankruptcy filings in the Oklahoma City area and all of western...40 western counties of Oklahoma covered by the U.S. Bankruptcy Court for the Western District of Oklahoma filed 1,027 new cases in January with the court seeking bankruptcy protection from creditors. That was up 20.8 percent... Read more
	Revisiting institutionalist law and economics--the inadequacy of the Chicago school: the case of personal bankruptcy law. ; Bankruptcy is perhaps the greatest and most humiliating calamity...bankruptcies may be seen as an important selection mechanism. Bankruptcy, however, has not received much attention in the economics...literature. As the quotation from Smith, above, intimates, bankruptcy is an unpleasant process for ... Read more

For more facts and information, see all related premium articles

Online videos

America's Financial Future (Part 1)

Add/Rate Videos

Free newspaper and magazine articles

	Bankruptcy law for accountants.
	The rise in personal bankruptcies: the Eighth Federal Reserve District and beyond.(Report)
	Unemployment insurance and personal bankruptcy.

For Students and teachers!

HighBeam Encyclopedia provides students and teachers facts, information, and biographies from verified, citable sources, including:

Search hundreds of published sources: