Sometimes, it’s not just the word bankruptcy that can be confusing; it’s all the accompanying bankruptcy terms that can make you say “huh?” Here is a list for the letter “B”:

Bankruptcy is a legal declaration by an individual or business of inability to meet one’s financial obligations.

Bankruptcy Code is Title 11 of the United States Codes as signed into law in 1979, including amendments thereto.

Bankruptcy Court Clerk is the administrative arm of each Bankruptcy Court, performing Court clerical duties. All bankruptcy case documents are filed with the Court.

Bankruptcy Judge is a public official, appointed by the Federal Government, and empowered to adjudicate issues as they may relate to a bankruptcy case.

Bankruptcy Litigation is a relatively little known term describing act(s) by skilled bankruptcy attorneys of going after predatory creditors on behalf of consumers, sometimes obtaining cash settlement for the client.

There are many more terms to review, please check out more on our Fremont Bankruptcy Topics Library!