11 USC 301 - Sec. 301. Voluntary cases
11 USC - U.S. Code - Title 11: Bankruptcy (January 2004)
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A voluntary case under a chapter of this title is commenced by the filing with the bankruptcy court of a petition under such chapter by an entity that may be a debtor under such chapter.
The commencement of a voluntary case under a chapter of this title constitutes an order for relief under such chapter.
Historical And Revision Notes
LEGISLATIVE STATEMENTS Sections 301, 302, 303, and 304 are all modified in the House amendment to adopt an idea contained in sections 301 and 303 of the Senate amendment requiring a petition commencing a case to be filed with the bankruptcy court.
The exception contained in section 301 of the Senate bill relating to cases filed under chapter 9 is deleted.
Chapter 9 cases will be handled by a bankruptcy court as are other title 11 cases.
SENATE REPORT NO. 95-989 Section 301 specifies the manner in which a voluntary bankruptcy case is commenced.
The debtor files a petition under this section under the particular operative chapter of the bankruptcy code under which he wishes to proceed.
The filing of the petition constitutes an order for relief in the case under that chapter.
The section contains no change from current law, except for the use of the phrase "order for relief" instead of "adjudication." The term adjudication is replaced by a less pejorative phrase in light of the clear power of Congress to permit voluntary bankruptcy without the necessity for an adjudication, as under the 1898 act [former title 11], which was adopted when voluntary bankruptcy was a concept not thoroughly tested.
Section Referred To In Other Sections
This section is referred to in sections 101, 362, 365, 522, 541, 901, 921 of this title.
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