Glossary
Bankruptcy Terms
Bankruptcy Code — Legislation found in Title 11 of the U.S. Code, containing both substantive and procedural law for bankruptcy liquidation and rehabilitation cases. Bankruptcy Judge — The role of the bankruptcy judge is to preside over the administration of a bankruptcy case and to decide contested aspects of that case that involve either the liquidation or reorganization of a debtor. A bankruptcy judge does not become actively involved in the daily administration of the bankruptcy case; that task has been delegated to the debtor, U.S. trustee, appointed trustees, examiners, and creditors’ committees.Chapter 7 — The chapter of the Bankruptcy…
