Bankruptcy Code Definitions

Bankruptcy Code Definition: Corporation

The Bankruptcy Code lists various types of entities which are defined as a “corporation.”  These include:

  • association having a power or privilege that a private corporation, but not an individual or a partnership, possesses;
  • partnership association organized under a law that makes only the capital subscribed responsible for the debts of such association;
  • joint-stock company;
  • unincorporated company or association; or
  • business trust;

but further expressly excluding a limited liability partnership.  11 U.S.C. § 101(9).

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Bankruptcy Code Definition: Accountant


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