bankruptcy court

简明释义

破产法院

英英释义

例句

1.After filing for Chapter 11, the company had to present its reorganization plan to the bankruptcy court.

在申请第11章破产后，公司必须向破产法庭提交其重组计划。

2.Individuals can seek relief from their debts by filing a petition in the bankruptcy court.

个人可以通过在破产法庭提交申请来寻求债务救济。

3.The judge in the bankruptcy court approved the sale of the assets to pay off creditors.

在破产法庭的法官批准了资产出售以偿还债权人。

4.Creditors must file their claims with the bankruptcy court to be considered for repayment.

债权人必须向破产法庭提交索赔，以便被考虑偿还。

5.The bankruptcy court oversees the liquidation process for businesses that cannot continue operations.

对于无法继续运营的企业，破产法庭监督清算过程。

作文

Bankruptcy is a legal proceeding involving a person or business that is unable to repay outstanding debts. When an individual or company finds itself in financial distress, it may seek relief through the legal system, specifically by filing for bankruptcy. This process often leads to a visit to the bankruptcy court, a specialized court that handles bankruptcy cases. In this essay, I will discuss the role of the bankruptcy court in the financial recovery process and its significance in the broader economic landscape.The primary purpose of the bankruptcy court is to provide a fair and orderly way for debtors to settle their debts while also protecting the rights of creditors. When a case is filed, a judge presides over the proceedings, ensuring that both parties adhere to the law and that the process is transparent. One of the key functions of the bankruptcy court is to determine whether a debtor qualifies for bankruptcy protection under the relevant laws, such as Chapter 7 or Chapter 13 in the United States.In a Chapter 7 bankruptcy, individuals or businesses can liquidate their assets to pay off creditors. The bankruptcy court plays a critical role in overseeing this liquidation process, appointing a trustee to manage the sale of assets and distribute the proceeds to creditors. This type of bankruptcy is often referred to as 'straight bankruptcy' because it allows for a fresh start by discharging most debts, providing a much-needed reprieve for those overwhelmed by financial burdens.On the other hand, Chapter 13 bankruptcy allows individuals to reorganize their debts and create a repayment plan over three to five years. Here, the bankruptcy court reviews the proposed plan and must confirm that it meets certain criteria, such as being feasible and fair to creditors. This process gives debtors a chance to retain their assets while working towards financial stability.The impact of the bankruptcy court extends beyond individual cases. It serves as a vital component of the economic system by providing a safety net for those who find themselves in dire financial situations. By allowing individuals and businesses to discharge debts, the bankruptcy court helps to prevent a complete financial collapse, contributing to overall economic stability.Moreover, the bankruptcy court helps to maintain the balance between debtor and creditor rights. Creditors are given an opportunity to recover some of their losses, while debtors are afforded the chance to rebuild their lives without the crushing weight of insurmountable debt. This balance is crucial for fostering trust in the credit system, encouraging lending and borrowing, which are essential for economic growth.In conclusion, the bankruptcy court plays a pivotal role in the financial recovery process for individuals and businesses alike. It offers a structured environment for resolving debts, protecting the rights of both debtors and creditors. Understanding the function of the bankruptcy court is essential for anyone navigating financial difficulties, as it provides a pathway to regain control over one’s financial future. As we continue to face economic challenges, the importance of the bankruptcy court will remain significant in promoting financial resilience and stability in our society.

破产是一种法律程序，涉及无法偿还未偿债务的个人或企业。当个人或公司发现自己面临财务困境时，可以通过法律系统寻求救济，特别是通过申请破产。这一过程通常会导致前往破产法庭，这是一个专门处理破产案件的法院。在这篇文章中，我将讨论破产法庭在财务恢复过程中的作用及其在更广泛经济格局中的重要性。破产法庭的主要目的是为债务人提供一种公平有序的方式来解决他们的债务，同时保护债权人的权利。当案件被提交时，法官主持审理，确保双方遵循法律，过程透明。破产法庭的一个关键功能是确定债务人是否符合相关法律下的破产保护资格，例如美国的第7章或第13章。在第7章破产中，个人或企业可以清算其资产以偿还债权人。破产法庭在监督这一清算过程中发挥了关键作用，指定一名受托人管理资产的出售并分配收益给债权人。这种类型的破产通常被称为“直接破产”，因为它通过解除大多数债务来允许债务人获得新生，为那些因财务负担而感到压倒的人提供了急需的喘息机会。另一方面，第13章破产允许个人重组他们的债务，并在三到五年内制定还款计划。在这里，破产法庭审查提议的计划，并必须确认该计划符合某些标准，例如可行性和对债权人的公平性。这个过程使债务人有机会保留他们的资产，同时朝着财务稳定努力。破产法庭的影响超越个案。它作为经济系统的重要组成部分，为那些陷入严重财务困境的人提供安全网。通过允许个人和企业解除债务，破产法庭有助于防止全面的财务崩溃，从而促进整体经济稳定。此外，破产法庭有助于维护债务人和债权人权利之间的平衡。债权人有机会收回部分损失，而债务人则获得了在没有无法承受的债务重压下重建生活的机会。这种平衡对于培养对信用体系的信任至关重要，鼓励借贷，这对经济增长至关重要。总之，破产法庭在个人和企业的财务恢复过程中发挥着关键作用。它为解决债务提供了一个结构化的环境，保护债务人和债权人的权利。理解破产法庭的功能对于任何应对财务困难的人来说都是必不可少的，因为它提供了一条重新掌控自己财务未来的途径。随着我们继续面临经济挑战，破产法庭的重要性在促进我们社会的财务韧性和稳定性方面将依然显著。