bankruptcy court
Debt resolution venue
A bankruptcy court is a specialized federal court that handles cases involving individuals or businesses unable to pay their debts.
These courts oversee the legal process of debt discharge, asset liquidation, or reorganization under bankruptcy law: The company's fate now rests with the bankruptcy court.
- debtorOne who owes
- Chapter 7Debt elimination process
- legal protectionRights enforceable by law
- Chapter 11Business debt reorganization process
- insolvencyInability to pay debts
fresh start · second chance · clean slate · financial distress · financial ruin · underwater mortgage · file · proof of claim · guarantor · credit risk · trustee · payment plan · debt relief · means test · unsecured debt · filing · judge · garnishment
- courtsdistrict courts, federal courts, circuit courts, municipal courts, trial courts
- historic courtsStar Chamber, King's Bench, Chancery, Exchequer, hustings
- legal systemattorney, landmark cases, criminal cases, lawyers, legal precedents
- US Lawattorney, lawyer, lawsuit, jury, felony
- business failureinsolvency, liquidation, closure, shutdown, collapse
- courthousescourtroom, courthouse, federal courthouse, county courthouse, historic courthouse
bankruptcy courtstock exchange
Securities trading marketplace
Wall Street · investment bank · venture capital firm · shareholder meeting
bankruptcy courtcriminal court
Forum for prosecuting offenses
criminal tribunal · superior court · probate court · family court · traffic court
bankruptcy courttreasury department
Government body managing public funds