Bankruptcy Code
The Bankruptcy Code refers to the federal laws and regulations that govern bankruptcy proceedings in the United States. It outlines the rules and procedures for individuals and businesses to seek relief from their debts through bankruptcy, including the different types of bankruptcy chapters available, the eligibility requirements for filing, the rights of creditors, and the responsibilities of debtors. The Bankruptcy Code aims to provide a fair and orderly process for resolving financial difficulties and restructuring debts.