Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
State Law
Delaware
means an event that causes a person to cease to be a member as provided in § 18-304 of this title Delaware Code Title 6 Sec. 18-101, Delaware Code Title 6 Sec. 18-101
Kansas
means an event that causes a person to cease to be a member as provided in Kan Kansas Statutes 17-7663
Michigan
means , with respect to a Medicare advantage organization that is not an insurer, that the organization has filed, or has had filed against it, a petition for declaration of bankruptcy and has ceased doing business in this state Michigan Laws 500.3801
Rhode Island
means a proceeding under the United States Bankruptcy Code or under state insolvency or receivership law Rhode Island General Laws 7-16-2
Virginia
means , with respect to any person, being the subject of an order for relief under Title 11 of the United States Code Virginia Code 13.1-1002