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LSDefine

Simple English definitions for legal terms

bankruptcy judge

Read a random definition: International Bank of Reconstruction and Development

A quick definition of bankruptcy judge:

A bankruptcy judge is a special kind of judge who helps people and companies who are in financial trouble. They are appointed by a higher court to work on cases related to bankruptcy, which is when someone can't pay their debts. The bankruptcy judge helps decide what should happen to the person's money and property so that they can pay back what they owe. They have a special job and are appointed for a term of 14 years.

A more thorough explanation:

A bankruptcy judge is a type of judge who presides over cases filed under the Bankruptcy Code and proceedings related to bankruptcy cases that are referred by the U.S. district court. They are appointed by a U.S. court of appeals for a term of 14 years.

For example, if a company files for bankruptcy, a bankruptcy judge will oversee the case and make decisions about how the company's assets will be distributed to creditors. The judge will also hear any disputes that arise during the bankruptcy process.

bankruptcy crime | bankruptcy law

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