Simplified Bankruptcy & Legal Glossary
Santillán Law P.C. has provided this bankruptcy and legal glossary to help people going through bankruptcy including Chapter 7, Chapter 11, Chapter 12 or Chapter 13 understand some of the terms that will be used during their case. Please note that all bankruptcy cases are handled in federal courts under rules outlined in the U.S. Bankruptcy Code. This glossary is not and should not be construed as legal advice it is provided for informational purposes only and does not constitute “Legal Advice” For proper legal advice please consult a qualified attorney.
For more information about Bankruptcy we recommend the following sites
US Federal Courts – US Federal Courts information about Bankruptcy
Pennsylvania Debt Relief – A website providing resources to help you avoid bankruptcy
PALawHelp.org – A group providing leagl information about many legal topics including bankruptcy in Pennsylvania
- Absolute Priority
- Adequate protection
- Administrative claim (or administrative expense claim)
- Adversary proceeding
- Allowed claim (or allowed interest)
- Arrangement
- Arrears
- Asset
- Automatic stay
- Avoidance
- Avoidance power
- Ballot date
- Bankrupt
- Bankruptcy
- Bankruptcy Act of 1898
- Bankruptcy Act of 1933
- Bankruptcy Act of 1934
- Bankruptcy Amendments of 1984
- Bankruptcy Code
- Bankruptcy Court
- Bankruptcy estate
- Bankruptcy petition
- Bankruptcy Reform Act of 1978
- Bankruptcy Reform Act of 1994
- Bankruptcy Rule 2004
- Bankruptcy Tax Act of 1980
- Bar date
- Business bankruptcy
- Business failure
- Cash collateral
- Chandler Act of 1938
- Chapter
- Chapter 7
- Chapter 9
- Chapter 10
- Chapter 11
- Chapter 12
- Chapter 13
- Chapter 20
- Chapter 22
- Chapter 33
- Chapters X, XI and XII
- claims
- Class
- Collateral
- Confirmation
- Contested matter
- Convenience claims
- Conversion
- Core proceedings
- Cramdown
- Credit Report
- Creditor
- Creditors’ Committee
- debtor
- Debtor-in-possession
- Default (bankruptcy)
- Delinquency
- Denial of Discharge
- Deposition
- Dischargable Debts
- Discharge (of indebtedness)
- Disclosure statement
- Discovery
- Dismissal
- Distressed
- Docket
- Effective date
- Equitable subordination
- Equity
- Examiner
- Exchange offer
- Exclusivity (period of)
- Executory contract
- Exempt
- Exemptions
- Failure
- Fair Market Value
- Fee examiner
- Fiduciary
- Filing fees
- First meeting of creditors (341 meeting)
- Foreclosure
- Fraudulent conveyance
- Fresh start
- Hardship Discharge
- Impairment
- Insolvency
- Interests
- Interrogatories
- Involuntary bankruptcy
- Joint administration
- Lien
- Liquidating reorganization
- Liquidation
- Liquidation value
- Matrix
- No Asset Case
- NOL (net operating loss)
- Non-business bankruptcy
- Nondischargeable debt
- PACER (Public Access to Court Electronic Records)
- Perfection
- Period of exclusivity
- Personal bankruptcy
- Personal Property
- Petition (or bankruptcy petition or petition for relief)
- Plan of reorganization
- Post-petition
- Pre-petition
- Preference
- Prepackaged bankruptcy
- Priority claims
- Pro rata
- Proof of claim
- Property of the Estate
- Reaffirm
- Receiver
- Relief from Stay
- Reorganization
- Repossession
- Restructuring
- Retired Benefits Bankruptcy Protection Act
- Reverse leveraged buyout
- Rule 2004
- Schedules
- Section 77 (of 1933 Act)
- Section 77B
- Section 304
- Secured creditors
- Secured Debt
- Set-off
- Skeleton filing
- Small claims (also sometimes called convenience claims)
- Straight bankruptcy
- Straight bankruptcy
- Substantial abuse
- Substantive consolidation
- Super-priority claim
- Tax loss carry-forward
- Trustee
- United States Trustee
- Unsecured creditor
- Unsecured debt
- VCIS (Voice Case Information System)
- Voluntary bankruptcy
- Vulture funds
- Wage-earner bankruptcy
- Workout
More Resources From The Web
The National Bankruptcy Archives – For those with interest in how bankruptcy law has evolved and changed in the US
National Consumer Law Center – non partisan information about bankruptcy and the do’s and don’ts when considering it.
Bankrate – Blog Article, 7 Tips for recovering from Bankruptcy
NOLO – What Bankruptcy can and cannot do in terms of debt relief
The Balance – Overcoming the stigma of filing for bankruptcy
Other Legal Glossaries of Interest
willsestates300300
Wiils & Estate Glossary
Criminal law and DUI
Criminal Law & DUI Glossary
divorce-and-family-law
Divorce & Family Law Glossary
realestate
Real Estate Glossary
This website is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on this site. Using this site or communicating with Santillán Law P.C. through this site does not form an attorney/client relationship. This site is legal advertising. Please review the full disclaimer for more information. (Click Here for Full Disclaimer Page)
