bankruptcy: A legal procedure for dealing with debt
problems of individuals and businesses; specifically, a case filed
under one of the chapters of title 11 of the United States Code
(the Bankruptcy Code).
bankruptcy administrator: An officer of the judiciary
serving in the judicial districts of Alabama and North Carolina
who, like the U.S. trustee, is responsible for supervising the
administration of bankruptcy cases, estates, and trustees;
monitoring plans and disclosure statements; monitoring creditors’
committees; monitoring fee applications; and performing other
statutory duties. Compare U.S. trustee.
Bankruptcy Code: The informal name for title 11 of the
United States Code (11 U.S.C. §§ 101-1330), the federal