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Bankruptcy - United States Courts About Bankruptcy Filing bankruptcy can help a person by discarding debt or making a plan to repay debts A bankruptcy case normally begins when the debtor files a petition with the bankruptcy court A petition may be filed by an individual, by spouses together, or by a corporation or other entity All bankruptcy cases are handled in federal courts under rules outlined in the U S Bankruptcy Code
Bankruptcy Basics - United States Courts Bankruptcy Basics provides general information about federal bankruptcy laws and the bankruptcy process It is not a guide for filing a bankruptcy case Bankruptcy Basics provides basic information to debtors, creditors, court personnel, the media, and the general public on different aspects of federal bankruptcy law
Southern District of Indiana | United States Bankruptcy Court On June 21, 2024, the Subchapter V and Chapter 13 debt provisions of the Bankruptcy Threshold Adjustment and Technical Corrections Act sunset As of June 22, 2024, the Subchapter V debt limit is $3,024,725, while the two-part Chapter 13 threshold is an amount not more than $465,275 for unsecured noncontingent liquidated debt and $1,395,875 for
Chapter 7 - Bankruptcy Basics - United States Courts Moreover, a bankruptcy discharge does not extinguish a lien on property How Chapter 7 Works A chapter 7 case begins with the debtor filing a petition with the bankruptcy court serving the area where the individual lives or where the business debtor is organized or has its principal place of business or principal assets
Southern District of Ohio | United States Bankruptcy Court This is the official website for the United States Bankruptcy Court for the Southern District of Ohio The Chief Judge is the Honorable Beth A Buchanan and the Clerk is Richard Jones We have courthouse locations in Cincinnati, Columbus, and Dayton, Ohio Our Court is committed to treating all individuals, whether experiencing financial
District of Oregon | United States Bankruptcy Court Welcome to the official website for the United States Bankruptcy Court for the District of Oregon We have offices in Portland and Eugene All Court Locations and Hours Portland 1050 SW 6th Ave #700 Portland, OR 97204 (503) 326-1500 (800) 726-2227 Contact List Eugene 405 E 8th Ave #2600 Eugene, OR 97401 (541) 431-4000
Process - Bankruptcy Basics - United States Courts The Bankruptcy Code and Bankruptcy Rules (and local rules) set forth the formal legal procedures for dealing with the debt problems of individuals and businesses There is a bankruptcy court for each judicial district in the country Each state has one or more districts There are 90 bankruptcy districts across the country
Chapter 13 - Bankruptcy Basics - United States Courts BackgroundA chapter 13 bankruptcy is also called a wage earner's plan It enables individuals with regular income to develop a plan to repay all or part of their debts Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years If the debtor's current monthly income is less than the applicable state median, the plan will be for three years
Northern District of Indiana | United States Bankruptcy Court Welcome to the official website for the United States Bankruptcy Court for the Northern District of Indiana We have offices in South Bend, Fort Wayne, and Hammond Court Locations South Bend 401 South Michigan Street South Bend, IN 46601 (574) 968-2265 Hours: Mon - Fri, 9am - 4pm ET