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What is the Bankruptcy Code?

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What is the Bankruptcy Code?

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The Bankruptcy Code is the informal name for Title 11 of the United States Code. It contains chapters that provide a legal procedure for individuals and businesses to deal with debt problems. The most commonly filed bankruptcy cases are those under chapters 7, 11 and 13.

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The Bankruptcy Code refers to Title 11 of the United States Code. (11 U.S.C. 101-1330) Federal Law governs bankruptcy.

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The current version of the Code was enacted in 1978. The Bankruptcy Code provides help for businesses or persons in financial difficulty in the form of bankruptcy chapters. Chapter 7, 11 and 13 bankruptcies are the most commonly filed chapters. The Bankruptcy Code is available at legal libraries and found on the Internet.

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The Bankruptcy Code refers to Title 11 of the United States Code. (11 U.S.C. ยบ 101-1330) Federal Law governs bankruptcy. The power to establish the bankruptcy system is found in the United States constitution.

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Created in 1979, the Bankruptcy Code provides help for businesses or persons in financial difficulty in the form of bankruptcy chapters. Chapter 7, 11 and 13 bankruptcies are the most commonly filed chapters. The Bankruptcy Code is available at legal libraries.

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