United States Bankruptcy Court
Bankruptcy laws help people who can no longer pay their creditors get a fresh start by liquidating their assets to pay their debts or by creating a debt repayment plan.
Bankruptcy laws also protect troubled businesses and provide for orderly distributions to business creditors through reorganization or liquidation.
These procedures are covered under Title 11 of the United States Code (the Bankruptcy Code). The vast majority of cases are filed under either Chapter 7, Chapter 11, or Chapter 13 of the Bankruptcy Code.