The term includes all proceedings in a federal court having jurisdiction in bankruptcy, founded on a petition in bankruptcy and either directly or collaterally involved in the adjudication and discharge of the bankrupt and the collection and administration of his estate. Kidder v. Horro- bin, 72 N. Y. 167.
Link to This DefinitionDid you find this definition of BANKRUPTCY PROCEEDINGS helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary