Core and noncore proceedingsThere are two basic types of bankruptcy proceedings: core and noncore. Core proceedings are directly related to a bankruptcy case, which arises under the Bankruptcy Code. Core proceedings include:
- Estate administration.
- Claim allowance or disallowance.
- Use and sale of property.
- Preference litigation.
- Automatic stay litigation.
- Fraudulent conveyance litigation.
- Plan confirmation.
Types of bankruptcy casesThere are six types of bankruptcy cases:
- Chapter 7: Liquidation or "Straight" Bankruptcy.
- Chapter 9: Adjustment of Municipality Debts.
- Chapter 11: Reorganization.
- Chapter 12: Adjustment of Debts for Farmers or Fishermen.
- Chapter 13: Wage Earner’s Adjustment of Debts.
- Chapter 15: Ancillary and Other Cross Border Cases.