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Furthermore, Section 109(e) of Title 11, United States Code sets forth debt limits for individuals to be eligible to file under Chapter 13: unsecured debts of less than $419,275, and secured debts of less than $1,257,850. [3] Under Chapter 13, the debtor proposes a plan to pay his or her creditors over a 3-to-5 year period. [4]
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. [1]
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
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]
The Texas Board of Legal Specialization (TBLS) was established on July 16, 1974, by the State Bar of Texas. TBLS oversees the recognition and regulation of attorneys who specialize in particular areas of law in the state of Texas. Today, the organization certifies attorneys in 24 different specialty areas and paralegals in six specialty areas ...
(The Center Square) – Of the many bills being filed in the Texas legislature to address border-related issues, one would ban taxpayer money from being used to fund legal services for illegal ...
Texas overhauls community college funding to new outcomes-based model as called for in House Bill 8. Here's why it matters and how it'll affect ACC.
The Bankruptcy Code, which is codified as title 11 of the United States Code, is the uniform federal law that governs all bankruptcy cases. There are several purposes behind the enactment of the law in its current form. The most important is a fresh start for the honest but unfortunate debtor and equality of distribution to creditors.