ACCT350 Chapter Notes - Chapter 28: Big Oil, 18 Months, Executory Contract
19 Sep 2017
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Chapter 12: adjustment of debts of a family farmer or fisherman with regular income. Chapter 13: adjustment of debts of an individual with regular income: chapter 7, 12, 13 filing fee: , chapter 11 filing fee: ,200, bankruptcy courts. Special federal courts that hear and decode bankruptcy cases. One bankruptcy court is attached to each of the 94 us district courts. Bankruptcy judges are appointed for 14 year terms. Federal law establishes the office of the us trustee. Us trustee: a federal government official who is responsible for handling and supervising many of the administrative tasks of a bankruptcy case. Bankruptcy reform act of 1978: a federal act that substantially changed federal bankruptcy law. The act made it easier for debtors to file for bankruptcy and have their unpaid debts discharged. Bankruptcy abuse prevention and consumer protection act of 2005: a federal act that substantially amended federal bankruptcy law.
