Search The Library's Lexicon
Each federal district court has a bankruptcy unit that hears and decides petitions of individuals and businesses seeking relief from bankruptcy. Under the federal bankruptcy code, there are four categories of such cases:
In the year ending June 30, 1992, 972,490 bankruptcy petitions were filed, and 857,286 cases were terminated. From 1985 to 1991, the number of bankruptcy petitions filed more than doubled and has risen ever since.
Bankruptcy judges are appointed by the court of appeals for a term of 14 years. There are 326 bankruptcy judges.
There's related stuff in other Library areas like the Bankruptcy Topic Area, so explore.