This article shall be known and may be cited as the Asbestos Bankruptcy Trust Claims Transparency Act.

Terms Used In West Virginia Code 55-7F-1

  • Bankruptcy: 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.