North Carolina General Statutes > Chapter 23 > Article 7 – Bankruptcy of Taxing, etc., Districts, Counties, Cities, Towns and Villages
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| § 23-48 | Local units authorized to avail themselves of provisions of bankruptcy law |
Terms Used In North Carolina General Statutes > Chapter 23 > Article 7 - Bankruptcy of Taxing, etc., Districts, Counties, Cities, Towns and Villages
- 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.
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
- United States: shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3