CHAPTER 2

Getting Started

Filing Decisions and Effects

This chapter considers generally applicable issues of bankruptcy administration and several threshold issues of a bankruptcy case, including issues of eligibility and where and when to file. We will also briefly touch upon the matter of involuntary bankruptcies, a relative rarity in today’s practice but nevertheless a legitimate alternative under the circumstances delineated in the statute. Also, once a case is filed, certain judicial procedures are immediately implemented, notably the automatic stay. Familiarity with these basics is a must for anyone seeking insight into the operation of bankruptcy law and practice.

2.1 Commencement of the Case

2.1.1 Filing Mechanics and Eligibility ...

Get Corporate Bankruptcy now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.