Statements (52)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:bankruptcy
gptkb:law |
| gptkbp:administeredBy |
bankruptcy trustee
|
| gptkbp:alsoKnownAs |
liquidation bankruptcy
|
| gptkbp:appliesTo |
individuals
businesses |
| gptkbp:automaticStay |
imposed upon filing
|
| gptkbp:cannotDischarge |
alimony
child support certain taxes debts from fraud most student loans |
| gptkbp:cause |
loss of property
stopping collection actions stopping foreclosure temporarily stopping wage garnishments |
| gptkbp:compatibleWith |
certain previous filers (within 8 years)
|
| gptkbp:dateEnacted |
1978 (current code)
|
| gptkbp:duration |
typically 3-6 months
|
| gptkbp:effectOnCredit |
remains on credit report for 10 years
|
| gptkbp:excludes |
certain debts (e.g., student loans, child support)
certain property (exemptions vary by state) |
| gptkbp:fareControl |
required
|
| gptkbp:filingDate |
gptkb:United_States_federal_law
debtors creditors (involuntary) |
| gptkbp:governedBy |
gptkb:United_States_Bankruptcy_Code
|
| https://www.w3.org/2000/01/rdf-schema#label |
Chapter 7 bankruptcy
|
| gptkbp:liquidates |
non-exempt assets
|
| gptkbp:originatedIn |
gptkb:United_States
|
| gptkbp:purpose |
provide fresh start to debtors
|
| gptkbp:relatedTo |
gptkb:Chapter_11_bankruptcy
gptkb:Chapter_13_bankruptcy |
| gptkbp:requires |
means test
credit counseling financial management course list of creditors list of income and expenses petition filing schedules of assets and liabilities statement of financial affairs |
| gptkbp:result |
discharge of debts
discharge order liquidation of assets |
| gptkbp:section |
gptkb:Title_11_of_the_United_States_Code
|
| gptkbp:subject |
bankruptcy abuse prevention rules
federal and state exemption laws |
| gptkbp:trusteeAppointed |
yes
|
| gptkbp:bfsParent |
gptkb:bankruptcy
gptkb:United_States_bankruptcy_courts gptkb:United_States_Bankruptcy_Court |
| gptkbp:bfsLayer |
5
|