Bankruptcy Court Reform Act of 1983

Summary

Bankruptcy Court Reform Act of 1983 - Establishes a court of record known as United States Bankruptcy Court in each judicial circuit. Mandates that each bankruptcy court shall consist of two senior bankruptcy judges for the circuit, and at least one district bankruptcy judge for each judicial district in the circuit. Establishes formulae for appointment of bankruptcy judges and senior bankruptcy judges by the President with the advice and consent of the Senate. States that senior bankruptcy judges shall hold office during good behavior. Limits tenure of district bankruptcy judgeships to 14 years. Specifies conditions for removal of district court judges during term of office, and delineates removal procedures. Grants courts of appeals jurisdiction to hear appeals from all final judgments or decisions of bankruptcy courts. Grants bankruptcy courts original and exclusive jurisdiction of all cases arising under title 11 of the United States Code. Confers original, but not exclusive, jurisdiction upon bankruptcy courts in all civil proceedings arising under title 11, or related to cases under title 11. Grants bankruptcy courts exclusive jurisdiction over the debtor's property once the case has begun. Prescribes assignment of ancillary proceedings arising under title 11.

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1 official file

• Introduced in Senate

  summary · EN · 26 January 1983

  Open at official source

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