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Chapter 11 of the United States Bankruptcy Code permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as "Chapter 11 bankruptcy", is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals.
Simeon Timothy Lake III is a Senior United States District Judge of the United States District Court for the Southern District of Texas. His notable trials include the trial of Enron Chairman Ken Lay and former Chief Executive Officer Jeff Skilling.
Kenneth Lee Lay was the founder, CEO and Chairman of Enron and was heavily involved in the Enron scandal, a major accounting scandal that unraveled in 2001 in the largest bankruptcy ever to that date. Lay was indicted by a grand jury and was found guilty of 10 counts of securities fraud at the now infamous Enron trial. Lay died in July 2006 while vacationing in his house near Aspen, Colorado, three months before his scheduled sentencing. A preliminary autopsy reported Lay died of a myocardial infarction caused by coronary artery disease; his death resulted in a vacated judgment.
George Bundy Smith was a lawyer and judge in New York State. While he was a law student at Yale University, he participated in the Freedom Ride from Atlanta, Georgia, to Montgomery, Alabama.
Tina L. Brozman was a former chief judge of the United States Bankruptcy Court for the Southern District of New York and co-leader of Bingham McCutchen's financial restructuring group. Brozman retired from the bench in 2000 to join Bingham.
Richard Joseph Sullivan is an American lawyer who serves as a United States Circuit Judge of the United States Court of Appeals for the Second Circuit. He was formerly a United States District Judge of the United States District Court for the Southern District of New York from 2007 to 2018.
Joseph Frank Bianco is a United States Circuit Judge of the United States Court of Appeals for the Second Circuit. He was formerly a United States District Judge of the United States District Court for the Eastern District of New York.
Dudley Hollingsworth Bowen Jr. is a Senior United States District Judge of the United States District Court for the Southern District of Georgia.
David H. Coar is a former United States District Judge of the United States District Court for the Northern District of Illinois.
David Norton Edelstein was a United States District Judge of the United States District Court for the Southern District of New York from 1951 to 2000 and its Chief Judge from 1971 to 1980.
Alan Stephen Gold is an inactive Senior United States District Judge of the United States District Court for the Southern District of Florida.
Denis Reagan Hurley is a Senior United States District Judge of the United States District Court for the Eastern District of New York.
Joseph Michael McLaughlin was a United States Circuit Judge of the United States Court of Appeals for the Second Circuit and a United States District Judge of the United States District Court for the Eastern District of New York.
Cathy Seibel is a United States District Judge of the United States District Court for the Southern District of New York.
Douglas Gordon Baird is an American legal scholar, the Harry A. Bigelow Distinguished Service Professor and a former dean of the University of Chicago Law School. He joined the faculty in 1980 and served as the dean from 1994-1999. He is a leader in the field of bankruptcy law.
The United States Bankruptcy Court for the Southern District of New York is the United States bankruptcy court within the United States District Court for the Southern District of New York. The Southern District of New York is a major venue for bankruptcy, as it has jurisdiction over the corporate headquarters and major financial institutions located in Manhattan.
The history of bankruptcy law in the United States refers primarily to a series of acts of Congress regarding the nature of bankruptcy. As the legal regime for bankruptcy in the United States developed, it moved from a system which viewed bankruptcy as a quasi-criminal act, to one focused on solving and repaying debts for people and businesses suffering heavy losses.
Ewing Werlein Jr. is a Senior United States District Judge of the United States District Court for the Southern District of Texas.
Paul George Hyman, Jr. is a judge for the United States bankruptcy court, Southern District of Florida. He was formerly Chief judge.