(See Insolvency.) Insolvency.) Insolvency.)

or business entity that owes money. money. money.

The document that initiates a bankruptcy case. "Pre-petition" events are those that occur before a bankruptcy petition is filed, and "post petition" events are those that occur after the petition is filed.

A person who takes possession of a debtor's assets in a bankruptcy proceeding and liquidates them to pay creditors. Appointed by the bankruptcy judge unless the district has a U.S. Trustee.

The court order which makes the Plan of Reorganization binding in a Chapter 11, 12 or 13 bankruptcy case.

A right to payment or other equitable remedy in the event of a breach of contract.

Under the Balance Sheet definition of insolvent in the U.S. Bankruptcy Code, a debtor is insolvent when the value of a debtor's assets is exceeded by the debtor's liabilities.

A medium of exchange; coined or stamped currency.

A process set forth by the Bankruptcy Code that allows a debtor to operate the business as a 'debtor in possession" with the protection of the "automatic stay."

Similar to Ch. 11 except for an individual; debtor to develop a repayment plan.

The privilege of buying goods, services or borrowing money in return for a promise of future payment.

Under the Balance Sheet definition of insolvent in the U.S. Bankruptcy Code, a debtor is insolvent when the value of a debtor's assets is exceeded by the debtor's liabilities.

A medium of exchange; coined or stamped currency.

A financial statement listing the assets, liabilities and owner's equity of a business entity as of a specific date.

Relates to the judicial means or court procedures by which legal and equitable rights are enforced.