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  1. Amendments. 2010—Pub. L. 111–327, § 2(a)(50), Dec. 22, 2010, 124 Stat. 3562, substituted “and master netting agreements” for “or master netting agreements” in item 562. 2005—Pub. L. 109–8, title II, §§ 227(b), 228(b), 229(b), title VII, § 704(b), title IX, §§ 907(k)(2), (p)(1), 910(a)(2), Apr. 20, 2005, 119 Stat. 69, 71, 72, 126, 181, 182, 184, added items 511, 526 to 528 ...

  2. Subsection (a) permits a creditor to file a proof of claim or interest. An indenture trustee representing creditors may file a proof of claim on behalf of the creditors he represents. This subsection is permissive only, and does not require filing of a proof of claim by any creditor.

  3. The Senate amendment repealed the existing authority of the Internal Revenue Service to make an immediate assessment of taxes upon bankruptcy (sec. 6871(a) of the code [title 26]. See section 321 of the Senate bill.

  4. “The law relating to bankruptcy is codified and enacted as title 11 of the United States Code, entitled ‘Bankruptcy’, and may be cited as 11 U.S.C. § —.”

  5. Effective February 19, 2020, the Bankruptcy Code will provide for a somewhat more compact and hopefully, easier version of Chapter 11 Reorganizations for Small Business Corporate and Individual Debtors. It is commonly referred to as a “Subchapter 5.”.

  6. Table of Contents. Front Matter. + Subchapter I - Creditors and Claims (Section 501 - 511) + Subchapter II - Debtor's Duties and Benefits (Section 521 - 528) + Subchapter III - The Estate (Section 541 - 562) Previous Next. Disclaimer: These codes may not be the most recent version. United States may have more current or accurate information.

  7. Subsection (b) specifies the kinds of administrative expenses that are allowable in a case under the bankruptcy code. The subsection is derived mainly from section 64a(1) of the Bankruptcy Act [section 104(a)(1) of former title 11], with some changes.

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