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Bankruptcy Basics provides basic information to debtors, creditors, court personnel, the media, and the general public on different aspects of the federal bankruptcy laws. It also provides individuals who may be considering bankruptcy with a basic explanation of the different chapters under which a bankruptcy case may be filed and to answer some of the most commonly asked questions about the bankruptcy process.
What happens when a public company files for protection under the federal bankruptcy laws? Who protects the interests of investors? Do the old securities have any value when, and if, the company is reorganized?
Chapter 7 or Chapter 13 are mainly for individuals. The property a debtor can keep through the bankruptcy is determined by the specific exemptions available under state law. This site gives you a brief insight of the exemptions.
With your own subscription, the site allows you to search major bankruptcies since 1986 (publicly traded companies and selected private companies). You can search by company name, company assets level, business type and filing date.
Public Access to Court Electronic Records (PACER) is an electronic public access service that allows users to obtain case and docket information online from federal appellate, district, and bankruptcy courts, and the PACER Case Locator. PACER is provided by the Federal Judiciary in keeping with its commitment to providing public access to court information via a centralized service.
The UCLA-LoPucki Bankruptcy Research Database (BRD) is a data collection, data linking, and data dissemination project of the UCLA School of Law. The BRD's mission is to promote bankruptcy research by making bankruptcy data available to academic researchers throughout the world. [NOTE: UTK Hodges Library does not have this database subscription. Users can access the free materials online. To access the UCLA restricted section, users need to pay the access fee themselves.]
The BRD contains data on all of the more than one-thousand large public companies that have filed bankruptcy cases since October 1, 1979. A company is considered as "public" if it filed an Annual Report (form 10-K or form 10) with the Securities and Exchange Commission for a year ending not less than three years prior to the filing of the bankruptcy case. A company is considered "large" if that Annual Report reported assets worth $100 million or more, measured in 1980 dollars (about $297 million in current dollars). Coverage includes cases filed under Chapter 7 and Chapter 11, whether filed by the debtors or creditors. This database is updated monthly.
he American Bankruptcy Institute is dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues.
The National Association of Bankruptcy Trustees is a nonprofit association formed in 1982 to address the needs of chapter 7 bankruptcy trustees and to promote the effectiveness of the bankruptcy system as a whole.