Abstract
The Bankruptcy Clause allows Congress to establish “uniform Laws on the subject of Bankruptcies throughout the United States.” Pursuant to this authority, the Bankruptcy Code, 11 U.S.C. §101 et seq., governs consumer bankruptcy in the U.S. As a federal statute, it might be expected that the Code would be applied in a relatively uniform manner throughout the U.S. However, state laws, judicial interpretation, and local practice can vary so significantly, that the relief and procedures available to a debtor in one state can be entirely different from what is available in another state.
Keywords
Bankruptcy Clause, Bankruptcy Code, homestead exemption, personal property, debt, default, ipso facto, state law
Subject Categories
Bankruptcy, Debtor and creditor
Disciplines
Bankruptcy Law
Publisher
American Bankruptcy Institute
Publication Date
1-2011
Rights Information
American Bankruptcy Institute (ABI) retains copyright.
Rights Holder
American Bankruptcy Institute.
Permanent URL
http://hdl.handle.net/2047/d20001169
Recommended Citation
American Bankruptcy Institute Journal, v.29 no.10 (Dec. 2010/Jan. 2011).
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Notes
Originally published in American Bankruptcy Institute Journal v.29, no.10 (Dec. 2010/Jan. 2011).