DCBankruptcy Lawyers.

February 06, 2012

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Federal & State Bankruptcy Laws

Bankruptcy law provides for the development of a plan that allows a debtor, who is unable to pay his creditors, to resolve his debts through the division of his assets among his creditors. The following is list of laws related to Bankruptcy:

Title 11 of The United States Code

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Did You Know?

Chapter 13 bankruptcy law is frequently referred to as a “wage earner” chapter
Although it is available to individuals with regular income from any source, not just wages. Once the court confirms the plan, it is the responsibility of the debtor to make the plan succeed. The debtor must make regular payments to the trustee, which will require adjustment to living on a fixed budget for a prolonged period.

	Newsroom
	News about Bankruptcy in DC and nationwide: U.S. Trustee Program Announces Stipulated Agreement WASHINGTON, D.C.–The United States Trustee Program announced today that it ... Read more > The Honorable Jed Rakoff Approves Settlement of SEC'S Claim for a Civil Penalty Against Worldcom In its Opinion and Order, the Court concluded that "the proposed settlement is not only fair and reasonable but as good an outcome as anyone could ... Read more > More Bankruptcy News >

Bankruptcy Terms

Today's Terms

Garnishment Laws

Definition:
Unsecured creditors in relation to garnishment laws do not hold any collateral that they can take from you if you fall behind on your payments.

Trustee

Definition:
An agent of the court who manages the property of the debtor for the benefit of the creditors. The court appoints a trustee in most Chapter 7 cases and in Chapter 11 cases when it determines that the debtor's management should not remain in control.

Claims

Definition:
Rights to repayment made by creditors against a debtor; they may be liquidated, unliquidated, fixed, contingent, matured, unmatured, secured, unsecured, subordinated, legal or equitable.

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Bankruptcy Resources

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Bankruptcy Hot Topics

Topics Related to Bankruptcy:

Chapter 7
Chapter 13
Chapter 11
Chapter 12
Chapter 9

DC Bankruptcy Attorney

If you live in the following cities and need a Bankruptcy attorney you should contact our Bankruptcy Attorney as soon as possible:

Washington DC
Adams Morgan
Anacostia
Capitol Hill
Cathedral Heights
Chevy Chase
Chinatown
Columbia Heights
Dupont Circle

Foggy Bottom
Friendship Heights
Georgetown
Glover Park
Logan Circle
Mount Vernon Square
Mount Pleasant
Shaw
Woodley Park

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