Bankruptcy Code

Bankruptcy is a legal declaration that allows some debtors to discharge their unsecured debts. The text of this statute is provided as general information to the public. It may be amended, revised, or rescinded at any time without notice. This information is not intended to be legal advice. For more information, please see our disclaimer.

11 U.S.C. § 921. Petition and proceedings relating to petition

(a) Notwithstanding sections 109(d) and 301 of this title [11 USCS §§ 109(d) and 301], a case under this chapter [11 USCS §§ 901 et seq.] concerning an unincorporated tax or special assessment district that does not have such district's own officials is commenced by the filing under section 301 of this title [11 USCS § 301] of a petition under this chapter [11 USCS §§ 901 et seq.] by such district's governing authority or the board or body having authority to levy taxes or assessments to meet the obligations of such district.

(b) The chief judge of the court of appeals for the circuit embracing the district in which the case is commenced shall designate the bankruptcy judge to conduct the case.

(c) After any objection to the petition, the court, after notice and a hearing, may dismiss the petition if the debtor did not file the petition in good faith or if the petition does not meet the requirements of this title.

(d) If the petition is not dismissed under subsection (c) of this section, the court shall order relief under this chapter [11 USCS §§ 901 et seq.] notwithstanding section 301(b) [11 USCS § 301(b)].

(e) The court may not, on account of an appeal from an order for relief, delay any proceeding under this chapter [11 USCS §§ 901 et seq.] in the case in which the appeal is being taken; nor shall any court order a stay of such proceeding pending such appeal. The reversal on appeal of a finding of jurisdiction does not affect the validity of any debt incurred that is authorized by the court under section 364(c) or 364(d) of this title [11 USCS § 364(c) or (d)].