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February 27, 2010
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Federal & State Bankruptcy Laws

 


Bankruptcy law provides for the development of a plan that allows a debtor, who is unable to pay his creditors, to resolve his debts through the division of his assets among his creditors. The following is list of laws related to Bankruptcy:

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Did You Know?    
 
 
Special purpose entities in bankruptcy can be used
A business, usually a special-purpose entity, established to perform limited functions and to have one or a few primary creditors. This type of entity is sometimes established to protect lenders on large, complex projects, when the lender is to be paid solely or almost exclusively out of the money generated when the project becomes operational.

 


  Newsroom  
 


News about Bankruptcy in Hartford and nationwide:

Eighth Circuit Court of Appeals Finds that the U.S. Commodity Futures Trading Commission Properly Pursued Charges Against NRG Energy, Inc. in Minnesota District Court
August 10, 2006

Eighth Circuit Court of Appeals Finds that the U.S. Commodity Futures Trading Commission Properly Pursued Charges Against...
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Bankruptcy Filings Rose In March 2006 12-Month Period
The number of bankruptcy cases filed in federal courts rose 12.8 percent in the 12-month period ending March 31, 2006, according to statistics rele...
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FTC Announces Settlement With Bankrupt Website, Toysmart.com, Regarding Alleged Privacy Policy Violations
Agreement Enforces Privacy Promises, Prohibits Sale of Customer Lists Except Under Very Restricted Circumstances; Company Also Faces First Charge o...
Read more >


More Bankruptcy News >

 
 

Bankruptcy Terms

 


Today's Terms

Chapter Twelve

Definition:
Family farmer bankruptcies; created by Congress in 1986 (Chapter 12 became effective on November 26, 1986 and is now a permanent Chapter of the Bankruptcy Code); only a family owned farm business can qualify for Chapter 12

Chapter Twenty Two

Definition:
An unofficial term describing a company that has filed for Chapter 11 twice.

Chapter Eleven

Definition:
Reorganization proceedings, generally for business entities; the debtor maintains control of the business in Chapter 11 (unless the Court appoints a trustee).

More Bankruptcy Terms >

Bankruptcy Resources

 


Search Bankruptcy resources in our resource center:

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Bankruptcy Hot Topics

 
Topics Related to Bankruptcy:

  • Chapter 7
  • Chapter 13
  • Chapter 11
  • Chapter 12
  • Chapter 9

More Bankruptcy Topics >


Hartford Bankruptcy Attorney

 
If you live in the following cities and need a Bankruptcy attorney you should contact our Bankruptcy Attorney as soon as possible:

  • Branford
  • Bridgeport
  • Bristol
  • Cheshire
  • Danbury
  • East Hartford
  • East Haven
  • Enfield
  • Fairfield
  • Glastonbury
  • Greenwich
  • Groton
  • Guilford
  • Hamden
  • Hartford
  • Manchester
  • Meriden
  • Middletown
  • Milford
  • Naugatuck
  • New Britain
  • New Haven
  • New London
  • New Milford
  • Newington
  • North Haven
  • Norwalk
  • Norwich
  • Ridgefield
  • Shelton
  • South Windsor
  • Southington
  • Stamford
  • Stratford
  • Torrington
  • Trumbull
  • Vernon Rockville
  • Wallingford
  • Waterbury
  • West Haven
  • Westport
  • Wethersfield
  • Windsor
 


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