CFR > Title 48 > Chapter 1 > Subchapter G > Part 42 > Subpart 42.9 – Bankruptcy
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Other versions
| § 42.900 | Scope of subpart |
| § 42.901 | General |
| § 42.902 | Procedures |
| § 42.903 | Solicitation provision and contract clause |
Terms Used In CFR > Title 48 > Chapter 1 > Subchapter G > Part 42 > Subpart 42.9 - Bankruptcy
- 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.
- Contract: A legal written agreement that becomes binding when signed.