South Carolina Code 44-135-90. Effect of bankruptcy
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Nothing in this act is intended to, and nothing in this act shall be interpreted to:
(1) affect the rights of any party in bankruptcy proceedings; or
Terms Used In South Carolina Code 44-135-90
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
(2) affect the ability of any person who is able to make a showing that the person satisfies the claim criteria for compensable claims or demands under a trust established under a plan of reorganization under Chapter 11 of the United States Bankruptcy Code, 11 U.S.C. Chapter 11, to make a claim or demand against that trust.