Bankruptcy court

Bankruptcy Court is a specialized type of federal court that deals with bankruptcy cases. The United States Bankruptcy Court is an example of such a court. Bankruptcy courts have the authority to make legal judgments regarding bankruptcy cases, including the discharge of debts and the liquidation of assets.

Jurisdiction

Bankruptcy courts have exclusive jurisdiction over bankruptcy cases. This means they have the power to make legal decisions and judgments in these cases. They can declare a person or company bankrupt, order the liquidation of assets, and discharge debts. They can also make decisions about bankruptcy fraud and other related issues.

Procedure

The procedure in bankruptcy court is governed by the Federal Rules of Bankruptcy Procedure. These rules provide the framework for conducting bankruptcy proceedings, including the filing of petitions and schedules, the meeting of creditors, and the discharge of debts.

Judges

Bankruptcy court judges are appointed for 14-year terms by the United States court of appeals. Unlike other federal judges, they are not appointed for life. The number of judges in a bankruptcy court depends on the volume of bankruptcy cases in the district.

Types of Bankruptcy Cases

Bankruptcy courts handle several types of bankruptcy cases, including Chapter 7, Chapter 11, and Chapter 13 cases. Chapter 7 cases involve the liquidation of assets to pay off debts. Chapter 11 cases involve the reorganization of a debtor's business affairs and assets. Chapter 13 cases involve the adjustment of debts of an individual with regular income.

See Also

• Federal court
• Bankruptcy
• Debt
• Liquidation
• Chapter 7
• Chapter 11
• Chapter 13