https://legal.excellentwiki.com/us/insolvency-law/ Recent content in insolvency and bankruptcy law on ExcellentWiki - Legal Encyclopedia Hugo en-US Mon, 06 Jul 2026 00:00:00 +0000 https://legal.excellentwiki.com/us/insolvency-law/us-insolvency-law/ Mon, 06 Jul 2026 00:00:00 +0000 https://legal.excellentwiki.com/us/insolvency-law/us-insolvency-law/ <h2 id="overview-of-us-insolvency-law">Overview of US Insolvency Law</h2> <p>US insolvency law is governed principally by the <strong>Bankruptcy Code</strong>, codified at Title 11 of the United States Code (11 USC). Enacted in 1978 and substantially amended by the <strong>Bankruptcy Abuse Prevention and Consumer Protection Act of 2005</strong> (BAPCPA), the Code establishes a comprehensive federal framework for the adjustment of debts of individuals, corporations, and other entities. Bankruptcy jurisdiction vests exclusively in the United States district courts, though core proceedings are typically referred to the <strong>bankruptcy courts</strong> as units of the district courts.</p>