Select your state

Bankruptcy

Bankruptcy is a court-supervised legal process that helps people who can no longer pay their debts get a fresh start by liquidating assets to pay their debts or by creating a repayment plan. Bankruptcy laws also protect financially troubled businesses.

In North Dakota, as in all states, bankruptcy is governed primarily by federal law, specifically the U.S. Bankruptcy Code. Individuals and businesses in North Dakota may file for bankruptcy under several chapters of the Bankruptcy Code, including Chapter 7, which involves liquidating assets to pay creditors; Chapter 13, which allows individuals with a regular income to create a repayment plan to pay off debts; and Chapter 11, which is typically used by businesses to reorganize and pay their debts while continuing operations. The process is managed by the federal bankruptcy courts; for North Dakota, this is the U.S. Bankruptcy Court for the District of North Dakota. State laws can affect certain aspects of the bankruptcy process, such as exemptions that protect certain types of property from being sold to pay debts. It's important for those considering bankruptcy to consult with an attorney to understand how federal and state laws apply to their specific situation.

Legal Articles

State Statutes

adversary proceeding assumption of contracts, leases automatic stays

Chapter 11 bankruptcy Chapter 12 bankruptcy Chapter 13 bankruptcy Chapter 13 bankruptcy — confirmation hearing Chapter 13 bankruptcy — disposable income Chapter 13 bankruptcy — eligibility Chapter 13 bankruptcy — repayment plan Chapter 7 bankruptcy Chapter 7 bankruptcy — changing trustee Chapter 7 bankruptcy — conversion to chapter 11, 12, or 13 Chapter 7 bankruptcy — discharge Chapter 7 bankruptcy — eligibility Chapter 7 bankruptcy — means test Chapter 7 bankruptcy — no assets cosignors courts creditor claims — secured, unsecured, priority

debtor in possession

estate exemptions

hardship discharges homestead exemption

involuntary bankruptcy

liquidation

nondischargeable debt nondischargeable debt — alimony nondischargeable debt — child support nondischargeable debt — fraud nondischargeable debt — student loans

petition preferential transfer priority debt proof of claim

reaffirmation of debt reorganization plan

section 341 meeting of creditors statement of financial affairs

trustee

As a LegalFix Member You Will Be an Important Client of Local Law Firms

For about 82¢ a day you can have a LegalFix Legal Plan that includes initial consultations with an attorney at no additional charge—and additional legal services at reduced rates—all from top law firms in your state. Don't wait—be prepared for life's inevitable legal challenges, starting today.

And ask your employer, credit union, or membership group to offer LegalFix for even better pricing.

Learn More

Articles

Understanding the Different Personal Bankruptcy Chapters

At some point in life, many of us will face financial hardships. When debt becomes overwhelming, one potential avenue of relief is filing for personal bankruptcy.

Understanding Personal Bankruptcy: Types, Eligibility, and Consequences

If you're considering filing for personal bankruptcy, it's crucial to understand the different types available, their implications, and the advantages and drawbacks of each.

Bankruptcy

As a LegalFix Member You Will Be an Important Client of Local Law Firms

Articles

North-Dakota State Code

North-Dakota State Code

Bankruptcy

Articles