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  2. Chapter 7, Title 11, United States Code - Wikipedia

    en.wikipedia.org/wiki/Chapter_7,_Title_11...

    Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the U.S. In contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of reorganization of a debtor, Chapter 7 bankruptcy is the most common form of bankruptcy in the U.S. [1]

  3. Bankruptcy Abuse Prevention and Consumer Protection Act

    en.wikipedia.org/wiki/Bankruptcy_Abuse...

    Under the new law, the homestead exemption, which allows bankruptcy filers in some states to exempt the value of their homes from creditors, is limited in various ways. If a filer acquired their home less than 1,215 days (40 months) before filing, or if they have been convicted of security law violations or been found guilty of certain crimes ...

  4. Which debts can’t be discharged in bankruptcy? - AOL

    www.aol.com/finance/debts-t-discharged...

    Depending on the type of bankruptcy you pursue, many of your outstanding debts will be addressed through a payment plan or paid off through liquidation of non-exempt assets. Filing for bankruptcy ...

  5. Bankruptcy in the United States - Wikipedia

    en.wikipedia.org/.../Bankruptcy_in_the_United_States

    Originally, bankruptcy in the United States, as nearly all matters directly concerning individual citizens, was a subject of state law. However, there were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...

  6. Title 11 of the United States Code - Wikipedia

    en.wikipedia.org/wiki/Title_11_of_the_United...

    Title 11 of the United States Code, also known as the United States Bankruptcy Code, is the source of bankruptcy law in the United States Code. [ 1 ] This article is part of a series on the

  7. Tools of trade - Wikipedia

    en.wikipedia.org/wiki/Tools_of_trade

    In the United States, the Bankruptcy Code (USC 2) §522(f) exempts implements, professional books, and tools of the trade. [9] All of these owe this exemption to the provisions for bankrupts that existed in English common law before it was codified by statute. [10]

  8. What happens to my car when I file for bankruptcy? - AOL

    www.aol.com/finance/happens-car-file-bankruptcy...

    The federal bankruptcy exemption limit is $4,450 until 2025, but it can vary by state. ... The Independent US. 30 best books for children, from 'Matilda' to 'Alice in Wonderland' News.

  9. Chapter 12, Title 11, United States Code - Wikipedia

    en.wikipedia.org/wiki/Chapter_12,_Title_11...

    Chapter 12 of Title 11 of the United States Code, or simply chapter 12, is a chapter of the Bankruptcy Code. It is similar to Chapter 13 in structure, but it offers additional benefits to farmers and fishermen in certain circumstances, beyond those available to ordinary wage earners. Chapter 12 is applicable only to family farmers and fishermen.