Federal Rules of Bankruptcy Procedure

The Federal Rules of Bankruptcy Procedure are a set of legal guidelines that govern how bankruptcy cases are handled in U.S. federal courts. They provide the framework for filing for bankruptcy, detailing procedures for debtors, creditors, and the courts. These rules help ensure fair treatment and transparency throughout the bankruptcy process, covering everything from filing petitions to meeting deadlines and conducting hearings. Essentially, they help organize the complex process of resolving debts so that individuals and businesses can seek relief and start fresh financially.