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The Federal Rules of Bankruptcy Procedure (abbreviated Fed. R. Bankr. P. or FRBP) are a set of rules promulgated by the Supreme Court of the United States under the Rules Enabling Act, directing procedures in the United States bankruptcy courts. They are the bankruptcy law counterpart to the Federal Rules of Civil Procedure.
Constrained equal losses (CEL) is a division rule for solving bankruptcy problems. According to this rule, each claimant should lose an equal amount from his or her claim, except that no claimant should receive a negative amount. In the context of taxation, it is known as poll tax. [1]
The BAP in each judicial circuit has its own local rules of practice, in addition to the Federal Rules of Bankruptcy Procedure and Federal Rules of Appellate Procedure. Parties to the bankruptcy case retain the right to have their appeal heard by a district court instead of a BAP by filing an election to transfer the case. Judges on a BAP are ...
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Chapter 9, Title 11, United States Code is a chapter of the United States Bankruptcy Code, available exclusively to municipalities and assisting them in the restructuring of their debt. On July 18, 2013, Detroit, Michigan became the largest city in the history of the United States to file for Chapter 9 bankruptcy protection.
In 1979, the Ninth Circuit became the first federal judicial circuit to set up a Bankruptcy Appellate Panel as authorized by the Bankruptcy Reform Act of 1978. The Richard H. Chambers U.S. Court of Appeals, Pasadena, California. The cultural and political jurisdiction of the Ninth Circuit is just as varied as the land within its geographical ...
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