Illinois Compiled Statutes 815 ILCS 5/2.17c – “Federal Bankruptcy Code” means the Act of Congress of the United …
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Terms Used In Illinois Compiled Statutes 815 ILCS 5/2.17c
- 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.
- United States: may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
“Federal Bankruptcy Code” means the Act of Congress of the United States known as the Bankruptcy Code of 1978, as amended.