Bankruptcy is not the only legal status that an insolvent person or organisation may have, and the term bankruptcy is therefore not the same as insolvency.

Bankruptcy is also documented in East Asia.

Bankruptcy fraud is a white-collar crime.

Bankruptcy fraud is a federal crime in the United States.

Bankruptcy fraud should be distinguished from strategic bankruptcy, which is not a criminal act, but may work against the filer.

The Bankruptcy Act 1966 ( Commonwealth ) is the legislation that governs bankruptcy in Australia.

A Bankruptcy Trustee ( in most cases this is the Official Receiver ) is appointed to deal with all matters regarding the administration of the bankrupt estate.

The Trustee's job includes notifying creditors of the estate and dealing with creditor inquiries ; ensuring that the bankrupt complies with his or her obligations under the Bankruptcy Act ; investigating the bankrupt's financial affairs ; realising funds to which the estate is entitled under the Bankruptcy Act and distributing dividends to creditors if sufficient funds become available.

Bankruptcy is a court-ordered liquidation procedure for an insolvent business.

Bankruptcy also referred to as Insolvency in Canada is governed by the Bankruptcy and Insolvency Act and is applicable to businesses and individuals.

The office of the Superintendent of Bankruptcy, a federal agency, is responsible for overseeing that bankruptcies are administered in a fair and orderly manner by all licensed Trustees in Canada.

Bankruptcy is filed when a person or a company becomes insolvent and cannot pay their debts as they become due and if they have at least $ 1, 000 in debt.

A Proposal Administrator is almost always a licensed trustee in bankruptcy, although the Superintendent of Bankruptcy may appoint other people to serve as administrators.

The Dutch bankruptcy law is governed by the Dutch Bankruptcy Code ( Faillissementswet ).

Bankruptcy in Scotland is referred to as sequestration.

Chapter 11 is a chapter of the United States ' Bankruptcy Code, which permits reorganization under the bankruptcy laws of the United States.

The priority structure is defined primarily by § 507 of the Bankruptcy Code (.

In Brazil, the Bankruptcy Law ( 11. 101 / 05 ) governs court-ordered or out-of-court receivership and bankruptcy and only applies to public companies ( publicly traded companies ) with the exception of financial institutions, credit cooperatives, consortia, supplementary scheme entities, companies administering health care plans, equity companies and a few other legal entities.

* " Bankruptcy " is a legal finding that imposes court supervision over the financial affairs of those who are insolvent or in default.

* Bankruptcy ( B / R in legal shorthand ) or representing a debtor who has filed bankruptcy

At the same time, he was producing scholarship as a member of the influential legal realist school of thought, working with future Supreme Court Justice William O. Douglas on an article entitled A Factual Study of Bankruptcy Administration and Some Suggestions.

The company encountered financial difficulties and in 1999 was placed in Administration-a legal term in Australian Law not unlike Chapter 11 Bankruptcy in the USA.

* The Library of Congress – U. S. Congressional bill status and text of The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005

) This practice is far more typical in jurisdictions that do not provide protective status to insolvent debtors similar to that provided by Chapter 11 of the United States Bankruptcy Code.

Before the passage of the bankruptcy reform act in 2005, a 403 ( b ) that was not an ERISA plan was not accorded protected status as property that could be claimed as exempt by the debtor under the U. S. Bankruptcy Code.

In 2005, Public Law 109-8 amended the Bankruptcy Code, by exempting most organized retirement plans, even those not subject to ERISA, and accorded them protected status, claimable as exempt property by a debtor declaring bankruptcy under the U. S. Bankruptcy Code.

Under the Uniform Commercial Code, a person is considered to be insolvent when the party has ceased to pay its debts in the ordinary course of business, or cannot pay its debts as they become due, or is insolvent within the meaning of the Bankruptcy Code.

When appointed by the court and creditors, the Official Receiver ( 破產管理署 ) is responsible for the proper and orderly administration of the estates of insolvent companies ordered to be wound up by the court under the winding-up provisions of the Companies Ordinance and of individuals or partners declared bankrupt by the court under the Bankruptcy Ordinance.

By 1995, the institution had become insolvent and filed to make a proposal to creditors under the Bankruptcy and Insolvency Act in Canada.

* Prior to filing a Proposal under Division I, the insolvent individual may file a notice of intention to stay the creditors so that a Division I proposal can be filed with the Office of the Superintendent of Bankruptcy prior to the expiration of 30 days of the filing of the Notice of Intention

Usually this means that all the property held by that person is ' vested in ' ( transferred to ) the Official Receiver or Trustee in Bankruptcy.

An entity ( person or a corporation ) may be compelled to produce documentary evidence in accordance with the subpoena powers of Federal Rule of Civil Procedure 45 as applied by Bankruptcy Rule 9016.

The United States Bankruptcy Court has powers to compel production of documents from a non-debtor corporation or person concerning transactions involving the debtor corporation or person.

In the United States, a Trustee in Bankruptcy is a person who is appointed by the United States Department of Justice or by the creditors involved in a bankruptcy case.

The WorldCom bankruptcy proceedings were held before U. S. Federal Bankruptcy Judge Arthur J. Gonzalez who simultaneously heard the Enron bankruptcy proceedings which were the second largest bankruptcy case resulting from one of the largest corporate fraud scandals.

In Renaissance iconography, the significance of Icarus depends on context: in the Orion Fountain at Messina, he is one of many figures associated with water ; but he is also shown on the Bankruptcy Court of the Amsterdam Town Hall-where he symbolizes high-flying ambition.

Lang is the father to seven children ( one deceased, Maria ), including Andrew Lang, the federal Liberal candidate for the riding of Toronto — Danforth, Timothy Lang, a Vice-President at St. Francis Xavier University, Gregory Lang, Chief Operating Officer for Solera Sustainable Energies Company, Elisabeth Lang, Director General, Program Policy & Regulatory Affairs at the Office of the Superintendent of Bankruptcy Industry Canada, Adrian Lang, a lawyer and partner with the law firm of Stikeman Elliott and Amanda Lang, a television personality on CBC News Network.

Robert was called to the bar the same day as his brother, 30 January 1807, and entered on practice, becoming King ’ s Sergeant in the Court of the Duchy of Lancaster, and one of the Commissioners in Bankruptcy.

In Bildisco the Court also ruled that under the Bankruptcy Code as written at that time, an employer in Chapter 11 bankruptcy " does not commit an unfair labor practice when, after the filing of a bankruptcy petition but before court-approved rejection of the collective-bargaining agreement, it unilaterally modifies or terminates one or more provisions of the agreement.

The Bankruptcy Abuse Prevention and Consumer Protection Act ( BAPCPA ) was one of the more significant legislative changes to personal finance passed by the United States Congress in recent history.

The 1898 Bankruptcy Act contained no special provisions, with one exception that farmers were immune from an involuntary bankruptcy petition.

The discharge is one of the primary benefits afforded by relief under the Bankruptcy Code and is essential to the " fresh start " of debtors following bankruptcy that is a central principle under federal bankruptcy law.

By 1969 the chain had 35 stores, though they filed for bankruptcy protection under Chapter XI of the Bankruptcy Act of 1898 — one of the precursors ( along with Chapter X of the 1898 Bankruptcy Act ) of today's Chapter 11 — in 1974.