Chapter 31

The selling of all nonexempt assets and the distribution of the proceeds to the debtor's creditors

This is a debtor whose debts result primarily from the purchase of goods for personal, family, or household use. The Bankruptcy Code requires that the clerk of the court give all ...... written notice of the general purpose, benefits, and costs of each chapter under which they might proceed.

A person appointed by the court to manage the debtor's funds.

An extinguishment of debts

The document that is filed with a bankruptcy court to initiate bankruptcy proceedings. If a debtor files this, it is voluntary. If one or more creditors file this to force the debtor into bankruptcy, it is involuntary.

A government official who performs administrative tasks that a bankruptcy judge would otherwise have to perform

This is a court's grant of assistance to a petitioner. This is done once the voluntary petition for chapter 7 bankruptcy is found to be proper (the filing of the petition itself constitutes this)

This is a suspension of all actions by creditors against the debtor or the debtor's property when a petition is filed.

Underlying the Code's automatic-stay provision for a secured creditor is a concept known as this. It protects secured creditors from losing their security as a result of the automatic stay.

The bankruptcy court can provide this by requiring the debtor or trustee to make periodic cash payments or a one-time cash payment.

A debtor is not permitted to transfer property or to make a payment that favors one creditor over the others. This ... is not allowed.

This is one who has received a preferential transfer of payment in the form of moneys of property

This is an individual, partner, partnership, corporation, or officer or director of a corporation (or a relative of one of those) who has a close relationship with the debtor. In this situation, the avoidance power of the trustee extends to transfers made within one year (2 if there's fraud) before filing.

An agreement to pay a debt dischargable in bankruptcy is called this. A debtor may wish to pay a debt-such as a debt owed to a family member, physician, bank, or some other creditor-even though the debt could be discharged in bankruptcy.

It must be accompanied by disclosure documents.

To avoid bankruptcy proceedings, creditors may prefer private, negotiated adjustments of creditor-debtor relations known as such

On entry of the order for relief, the debtor generally continues to operate the business as a ... ... .... The court may, however, appoint a trustee or receiver to operate the debtor's business.

The court may confirm the plan over the objections of a class of creditors for reorganization under chapter 11.