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The Bankruptcy Code

General Provisions and Definitions of the Bankruptcy Code

In this title the following definitions shall apply:
(1) The term “accountant” means accountant authorized under applicable law to practice public accounting, and includes professional accounting association, corporation, or partnership, if so authorized.
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Exceptions to Discharge when filing for Bankruptcy

TITLE 11. BANKRUPTCY · UNITED STATES CODE

Chapter 5. Creditors, the Debtor and the Estate

Subchapter II. Debtor's Duties and Benefits

11 USC § 523. Exceptions to discharge

(a) A discharge under section 727, 1141, 1228(a), 1228(b), or 1328(b) of this title does not discharge an individual debtor from any debt--

(1) for a tax or a customs duty--

(A) of the kind and for the periods specified in section 507(a)(3) or 507(a)(8) of this title, whether or not a claim for such tax was filed or allowed;read more »

Discharge from Chapter 7 Bankruptcy

The court can grant a debtor a discharge, but the debtor must meet certain requirements outlined in the Bankruptcy Code. The attorneys at Nashville Bankruptcy Law can help you with any questions you may have.

TITLE 11. BANKRUPTCY · UNITED STATES CODE

Chapter 7. Liquidation

Subchapter II. Collection, Liquidation, and Distribution of the Estate

11 USC § 727. Discharge

(a) The court shall grant the debtor a discharge, unless--

(1) the debtor is not an individual;

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Chapter 13 Discharge

In order for the court to grant the debtor discharge of Chapter 13 bankruptcy, the debtor must meet all of these listed requirements:

TITLE 11. BANKRUPTCY · UNITED STATES CODE

Chapter 13. Adjustment of Debts of an Individual with Regular Income

Subchapter II. The Plan

11 USC § 1328. Dischargeread more »

Property you may lose when filing bankruptcy

You may lose some of your property when filing for bankruptcy, whether it's chapter 7 (liquidation) or chapter 13 (debt adjustment). The Bankruptcy code outlines what these are:

TITLE 11. BANKRUPTCY · UNITED STATES CODE

Chapter 5. Creditors, the Debtor and the Estate

Subchapter III. The Estate

11 USC § 541. Property of the estate

(a) The commencement of a case under section 301, 302, 303 of this title creates an estate. Such estate is comprised of all the following property, wherever located and by whomever held:read more »

Business Interests when filing for Debt Adjustment

If you own or operate a business, and you file for Chapter 13 Bankruptcy, you will be allowed to run your business, but you may be required by the appointed Trustee to submit an outlilne of monthly operating expenses and income.

TITLE 11. BANKRUPTCY · UNITED STATES CODE

Chapter 13. Adjustment of Debts of an Individual with Regular Income

Subchapter I. Officers, Administration, and the Estate

11 USC § 1304. Debtor engaged in business

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Business Interests when filing for Chapter 7 Bankruptcy

How does the Bankruptcy Code handle your business interests? How does the Bankruptcy Code handle your business interests? In most cases the Trustee will try to find a buyer to purchase your business in order to pay your bills. However, if the Trustee cannot find anyone to purchase your business, non-exempt property that you may need to run your business may be sold.

TITLE 11. BANKRUPTCY · UNITED STATES CODE

Chapter 5. Creditors, the Debtor and the Estate

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Chapter 13 Bankruptcy and Repossession

TITLE 11. BANKRUPTCY · UNITED STATES CODE

Chapter 13. Adjustment of Debts of an Individual with Regular Income

Subchapter II. The Plan

11 USC § 1325. Confirmation of plan

(a) Except as provided in subsection (b), the court shall confirm a plan if--

(1) The plan complies with the provisions of this chapter and with the other applicable provisions of this title;

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