Bankruptcy in the United States

URI: https://gptkb.org/entity/Bankruptcy_in_the_United_States
GPTKB entity
Statements (56)
Predicate Object
gptkbp:instanceOf gptkb:law
gptkbp:administeredBy gptkb:United_States_Bankruptcy_Courts
gptkbp:appealsHeardBy gptkb:U.S._District_Courts
gptkb:Bankruptcy_Appellate_Panels
gptkbp:appliesTo individuals
businesses
municipalities
family farmers
foreign debtors
gptkbp:automaticStay protection from creditors
gptkbp:cannotDischarge alimony
child support
certain taxes
student loans (with exceptions)
gptkbp:commonIn gptkb:family
job loss
medical debt
business failure
gptkbp:creditCounseling required before filing
gptkbp:creditImpact negative
gptkbp:crossBorderInsolvency Chapter 15
gptkbp:dischargeOfDebts possible outcome
gptkbp:durationOnCreditReport 7-10 years
gptkbp:excludes federal exemptions
state exemptions
gptkbp:familyFarmerBankruptcy Chapter 12
gptkbp:fareControl required
gptkbp:filingRate varies by state
gptkbp:firstLawPassed 1800
https://www.w3.org/2000/01/rdf-schema#label Bankruptcy in the United States
gptkbp:jurisdiction gptkb:United_States
gptkbp:legalRepresentation recommended
gptkbp:liquidated Chapter 7
gptkbp:mainLegalCode gptkb:Title_11_of_the_United_States_Code
gptkb:Bankruptcy_Code
gptkbp:meansTest applies to Chapter 7
gptkbp:municipalBankruptcy Chapter 9
gptkbp:notableReform gptkb:Bankruptcy_Reform_Act_of_1978
gptkb:Bankruptcy_Abuse_Prevention_and_Consumer_Protection_Act_of_2005
gptkbp:oversees gptkb:United_States_Trustee_Program
gptkbp:proSeFiling allowed
gptkbp:purpose debt relief
orderly distribution of assets
gptkbp:recordedAt public
gptkbp:regulates gptkb:United_States_federal_law
gptkbp:reorganization Chapter 11
gptkbp:repaymentPlan Chapter 13
gptkbp:statisticsReportedBy gptkb:Administrative_Office_of_the_U.S._Courts
gptkbp:type Chapter 11
Chapter 13
Chapter 15
Chapter 7
Chapter 12
Chapter 9
gptkbp:bfsParent gptkb:Bankruptcy_Abuse_Prevention_and_Consumer_Protection_Act_of_2005
gptkbp:bfsLayer 6