X Not applicable.
1 Business bankruptcies include those filed under chapters 7, 9, 11, or 12.
2 Bankruptcies include those filed under chapters 7, 11, or 13.
3 Chapter 7, liquidation of non-exempt assets of businesses or individuals.
4 Chapter 9, adjustment of debts of a municipality.
5 Chapter 11, individual or business reorganization.
6 Chapter 12, adjustment of debts of a family farmer with regular income, effective November 26, 1986.
7 Chapter 13, adjustment of debts of an individual with regular income.
8 Chapter 11 U.S.C., Section 304, cases ancillary to foreign proceedings.

Source: Administrative Office of the U.S. Courts, Statistical Tables for the Federal Judiciary.

http://www.uscourts.gov/publications.htmlTERMS

BANKRUPTCYA legal procedure for dealing with debtproblems of individuals and businesses;specifically, a case filed under one ofthe chapters of title 11 of the UnitedStates Code (the Bankruptcy Code).

BUSINESS BANKRUPTCYA bankruptcy case in which the debtoris a business or an individual involvedin business and the debts are for businesspurposes.

CHAPTER 7The chapter of the Bankruptcy Codeproviding for liquidation, i.e., thesale of a debtors nonexempt propertyand the distribution of the proceeds tocreditors.

CHAPTER 11A reorganization bankruptcy, usuallyinvolving a corporation or partnership.(A chapter 11 debtor usually proposesa plan of reorganization to keep itsbusiness alive and pay creditors overtime. People in business or individualscan also seek relief in chapter 11.)

CHAPTER 12The chapter of the Bankruptcy Codeproviding for adjustment of debts of afamily farmer, as that term is definedin the Bankruptcy Code.

CHAPTER 13The chapter of the Bankruptcy Codeproviding for adjustment of debts ofan individual with regular income.(Chapter 13 allows a debtor to keepproperty and pay debts over time, usuallythree to five years.)

LIQUIDATIONA sale of a debtors property with theproceeds to be used for the benefit ofcreditors.

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