"Arizona Business Bankruptcy"
Corporations, partnerships and sole proprietorships are specifically authorized to file Arizona bankruptcy,
based on domicile or property ownership within the state. U.S. citizenship is not required. Jurisdiction based
upon property ownership is subject to review.
| 11 U.S.C. §101(9): "corporation - (A) (i) association having a power or privilege that a
private corporation, but not an individual or a partnership, possesses; (ii) partnership association organized
under a law that makes only the capital subscribed responsible for the debts of such association; (iii) joint-stock
company; (iv) unincorporated company or association; or (v) business trust; but (B) does not include limited
partnership;" |
In the matter of ARIZONA BANKRUPTCY PETITION PREPARERS, General order No. 89 issued by the U.S. District.
Arizona Bankruptcy Court., July 1, 2003. 11 USC 110(k) does not permit a bankruptcy petition preparer to engage
in activities "that are otherwise prohibited by law. including the rules and laws that prohibit the unauthorized
practice of law." The Supreme Court of the State of Arizona has enacted amendments to its Rule 31 governing the
unauthorized practice of law which became effective commencing July 1, 2003. Rule 31 sets forth the general rule
that only an active member of the State Bar of Arizona may practice law in the State. The amendments also create
a limited exception for certified legal document preparers provided that the services performed are in
compliance with State Code of Judicial Administration, Part 7, Chapter 2, Section 7-208.
Back to Arizona Bankruptcy words & phrases.
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