U.S. Code Title 11

U.S. Code Title 11 governs bankruptcy law in the United States. It provides the legal framework for individuals, businesses, and entities to resolve debts they cannot pay. By filing for bankruptcy, debtors can seek relief through different processes, such as reorganizing their debts or liquidating assets to pay creditors. The goal is to give debtors a fresh start while ensuring fair treatment for creditors. Title 11 outlines the procedures, rights, and responsibilities involved in bankruptcy cases, balancing debt relief with creditor interests under federal law.