Wednesday, November 2, 2011

Bankruptcy: From A to Z

Do you remember back in the early days of school, books were simple, sometimes with pictures, in which you would begin to learn how to read, which would eventually lead to further learning about the ways and wonders of the world. Step by step instruction is nothing new. Sometimes it is in an organized fashion, and sometimes it is in bits and pieces like a puzzle, and does not fully come to gather until all the pieces are known and put in their proper place.

As you can imagine, the bankruptcy code a similar to both. It is an organized bunch of bits and pieces. One of the first steps in understanding the bankruptcy code is to understand its terminology, as the bankruptcy code, similar to many other fields or professions, has its own lingo.

So where is a good place to start learning the lingo of bankruptcy. Well, perhaps a good start might be to learn it like we learned in our early years of school; learning from “A to Z”. Is this unorganized? You bet. But there is a well known bankruptcy attorney, Jay Fleischman, that has a site called Legal Practice Pro, and is going to post on his blog site over the next 26 days, terms as they apply to bankruptcy, starting with A and ending with Z. Well, actually, he starts with an introduction. If you are interested in viewing some of these blogs, you can find his introduction at
and his first letter, A, at
After reading his post, please feel free to let me know what you think by commenting below.

Over time, I will be adding content to this blog, at random, concerning various letters of the alphabet, and applying an explanation of each letter as it may apply to bankruptcy.  Some may think of this a being the bankruptcy alphabet, but I think that is misleading, as it is not meant to be inclusive the terms related to bankruptcy.  As such, I am categorizing it as "Bankrupthabet". 

What does it mean.  Well, bankrupthabet, as of now is undefined.  A common phrase among attorneys is, "I know it when I see it".  This stems from a court case concerning the definition of pornography.  So, how would you define the picture to the left?

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