Section 1101 - Definitions for This Chapter


Title 11 of the United States Code - Bankruptcy
REORGANIZATION – CHAPTER 11


Definitions for This Chapter - Section 1101
11 USCS § 1101



In this chapter [11 USCS §§ 1101 et seq.]--
   (1) "debtor in possession" means debtor except when a person that has qualified under section 322 of this title [11 USCS § 322] is serving as trustee in the case;
   (2) "substantial consummation" means--
      (A) transfer of all or substantially all of the property proposed by the plan to be transferred;
      (B) assumption by the debtor or by the successor to the debtor under the plan of the business or of the management of all or substantially all of the property dealt with by the plan; and
      (C) commencement of distribution under the plan.


The US Bankruptcy Code is a uniformed set of laws in place for anyone filing bankruptcy.  Typically, you would find the Code, aka Title 11, in a library or law office. But Sagaria Law has provided it here for use for anyone with access to the internet.  We are proud to offer the US Bankruptcy Code in an unedited version for those seeking more bankruptcy knowledge. Please enjoy!
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