Month: އޮކްޓޫބަރު 2021

An agreement between two or more people that creates an obligation to do or not to do a particular thing. Source: US […]

A claim that may be owed by the debtor under certain circumstances, e.g., where the debtor is a cosigner on another person’s […]

Debts incurred for personal, as opposed to business, needs. Source: US Courts Glossary

A bankruptcy case filed to reduce or eliminate debts that are primarily consumer debts. Source: US Courts Glossary

Prison terms for two or more offenses to be served one after the other. Example: Two five-year sentences and one three-year sentence, […]

Approval of a plan of reorganization by a bankruptcy judge. Source: US Courts Glossary

Prison terms for two or more offenses to be served at the same time, rather than one after the other. Example: Two […]

A written statement that begins a civil lawsuit, in which the plaintiff details the claims against the defendant. Source: US Courts Glossary

A special condition the court imposes that requires an individual to work – without pay – for a civic or nonprofit organization. […]

The legal system that originated in England and is now in use in the United States, which relies on the articulation of […]

Property that is promised as security for the satisfaction of a debt. Source: US Courts Glossary

The court officer who oversees administrative functions, especially managing the flow of cases through the court. The clerk’s office is often called […]

A lawsuit in which one or more members of a large group, or class, of individuals or other entities sue on behalf […]

A creditor’s assertion of a right to payment from a debtor or the debtor’s property. Source: US Courts Glossary

The judge who has primary responsibility for the administration of a court; chief judges are determined by seniority Source: US Courts Glossary

The chapter of the Bankruptcy Code providing for reorganization of municipalities (which includes cities and towns, as well as villages, counties, taxing […]

The chapter of the Bankruptcy Code providing for “liquidation,” that is, the sale of a debtor’s nonexempt property and the distribution of […]

A person appointed in a Chapter 7 case to represent the interests of the bankruptcy estate and the creditors. The trustee’s responsibilities […]

The chapter of the Bankruptcy Code dealing with cases of cross-border insolvency. Source: US Courts Glossary

The chapter of the Bankruptcy Code providing for the adjustment of debts of an individual with regular income, often referred to as […]

A person appointed to administer a Chapter 13 case. A Chapter 13 trustee’s responsibilities are similar to those of a Chapter 7 […]

The chapter of the Bankruptcy Code providing for adjustment of debts of a “family farmer” or “family fisherman,” as the terms are […]

A reorganization bankruptcy, usually involving a corporation or partnership. A Chapter 11 debtor usually proposes a plan of reorganization to keep its […]

The offices of a judge and his or her staff. Source: US Courts Glossary

A legal claim. Source: US Courts Glossary