Federal Bankruptcy

How Do You Learn What You Need To Know About Bankruptcy Law?
Although federal bankruptcy law mainly regulates bankruptcies, the individual states can have specific guidelines for the process within their jurisdiction. States can typically choose to have their own rules that govern the types of exemptions that the debtor is allowed to keep after filing for a discharge of their debts.

United Airlines Files for Bankruptcy
United Airlines filed for federal bankruptcy court protection today, reeling from two years of heavy losses and unable to pay off nearly $1bn in debt that comes due this week. The Chapter 11 filing in US bankruptcy court in Chicago is by far the largest airline bankruptcy ever. The...