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Bankruptcy
The WestFar EastModern insolvency legislation and debt restructuring practicesFraudIn the United StatesChaptersIn CanadaDuties of trusteesCreditors meetingsConsumer proposals in CanadaIn EuropeIn the United KingdomIn the Netherlands
The WestFar EastModern insolvency legislation and debt restructuring practicesFraudIn the United StatesChaptersIn CanadaDuties of trusteesCreditors meetingsConsumer proposals in CanadaIn EuropeIn the United KingdomIn the Netherlands
In the United States
Bankruptcy in the United States is a matter placed under Federal jurisdiction by the United States Constitution (in Article 1, Section 8, Clause 4), which allows Congress to enact "uniform laws on the subject of bankruptcies throughout the United States." Its implementation, however, is found in statute law. The relevant statutes are incorporated within the '''Bankruptcy Code''', located at Title 11 of the United States Code, and amplified by state law in the many places where Federal law either fails to speak or expressly defers to state law.While bankruptcy cases are always filed in United States Bankruptcy Court (an adjunct to the U.S. District Courts), bankruptcy cases, particularly with respect to the validity of claims and exemptions, are often highly dependent upon State law. State law therefore plays a major role in many bankruptcy cases, and it is often not possible to generalize bankruptcy law across state lines.