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  2. Constrained equal losses - Wikipedia

    en.wikipedia.org/wiki/Constrained_equal_losses

    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]

  3. Bankruptcy Appellate Panel - Wikipedia

    en.wikipedia.org/wiki/Bankruptcy_Appellate_Panel

    A Bankruptcy Appellate Panel (abbreviated BAP) is authorized by 28 U.S.C. § 158(b) to hear, with the consent of all parties, appeals from the decisions of the United States bankruptcy courts in their district that otherwise would be heard by district courts, but only in those districts in which the district judges authorize appeals to BAPs. [1]

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

    en.wikipedia.org/wiki/Chapter_9,_Title_11...

    The first municipal bankruptcy legislation was enacted in 1934 during the Great Depression. [2] Although Congress attempted to draft the legislation so as not to interfere with the sovereign powers of the states guaranteed by the Tenth Amendment to the Constitution, the Supreme Court held the 1934 Act unconstitutional as an improper interference with the sovereignty of the states. [2]

  5. Personal bankruptcies are up. When does it make sense to file?

    www.aol.com/personal-bankruptcies-does-sense...

    Nonbusiness bankruptcy filings fell to under 400,000 before edging back up to 434,000 in 2023, according to statistics published by the Administrative Office of the U.S. Courts. With two months ...

  6. Federal Rules of Bankruptcy Procedure - Wikipedia

    en.wikipedia.org/wiki/Federal_Rules_of...

    Rule 81(a)(1) F.R.Civ.P. provides that the civil rules do not apply to proceedings in bankruptcy, except as they may be made applicable by rules promulgated by the Supreme Court, e.g., Part VII of these rules. This amended Bankruptcy Rule 1001 makes the Bankruptcy Rules applicable to cases and proceedings under title 11, whether before the ...

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  8. Florida bankruptcy law - Wikipedia

    en.wikipedia.org/wiki/Florida_Bankruptcy_Law

    The Bankruptcy Code provides that each state has the choice whether to "opt in" and use the federal exemptions or to "opt out" and to apply the state law exemptions. Florida is an "opt out" state in regard to exemptions. Bankruptcy in the United States is provided for under federal law as provided in the United States Constitution. Under the ...

  9. Trump vows to pardon Jan. 6 defendants on 'Day One.' Are ...

    www.aol.com/trump-vows-pardon-jan-6-220442104.html

    Pro-Trump protesters storm into the U.S. Capitol during clashes with police, during a rally to contest the certification of the 2020 U.S. presidential election results by the U.S. Congress in ...

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