bankruptcy court n: a court that is a unit of a federal District Court and has original jurisdiction over bankruptcy cases NOTE: Bankruptcy courts were created by Congress as part of the 1898 Bankruptcy Act. Article I, Section 8 of the U.S. Constitution gives Congress the power to establish “uniform laws on the subject of bankruptcies throughout the United States.”
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.
Related Terms from the Bankruptcy and Debt Law Glossary