8/18/2019 Bankruptcy Rules, Terms and Definitions

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Read a brief explanation of the rules, terms and definitions used in

the Bankruptcy Code, courtesy of The Nevarez Law Firm, PC El Paso,Texas. The following terms are used in the Bankruptcy Code.

Read more: http://lawofficesmrn.com/bankruptcy-terms-and-definitions/  

Adversary proceeding Collateral ExemptAutomatic stay Confirmation Exemptions

Avoidance Conversion FiduciaryAvoidance powers Creditor General, unsecured claimBankruptcy Code Debtor LienBankruptcy estate Debtor in Possession Liquidated

Chapter 7 Denial of discharge Non dischargeableChapter 11 Discharge PerfectionChapter 12 Dischargeable Personal property

Chapter 13 Dismissal PetitionPreference Proof of claim SchedulesPre-petition Property of the estate Secured debt

Priority Reaffirm TrusteePriority claims Relief from stay Unsecured

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