Bankruptcy Forms: Filing Bankruptcy Chapter 7 Bankruptcy Software Chapter 13

The Center For Debt Management
Center4DebtManagement.com ... Always open 24 / 7

Note: For affordable legal assistance The Center For Debt Management highly recommends Standard Legal's Do-It-Yourself Bankruptcy Forms Software Kits. For credit repair services,
the most trusted law firm in America with over 15 years of experience is Lexington Law Firm.

For more bankruptcy help and bankruptcy alternatives, go to Bankruptcy Resources



TITLE 11–BANKRUPTCY

CHAPTER 7–LIQUIDATION

Sub Chapter IV – Commodity Broker Liquidation

Sec. 765. Customer instructions


    (a) The notice required by section 342 of this title to customers 
shall instruct each customer--
        (1) to file a proof of such customer's claim promptly, and to 
    specify in such claim any specifically identifiable security, 
    property, or commodity contract; and
        (2) to instruct the trustee of such customer's desired 
    disposition, including transfer under section 766 of this title or 
    liquidation, of any commodity contract specifically identified to 
    such customer.

    (b) The trustee shall comply, to the extent practicable, with any 
instruction received from a customer regarding such customer's desired 
disposition of any commodity contract specifically identified to such 
customer. If the trustee has transferred, under section 766 of this 
title, such a commodity contract, the trustee shall transmit any such 
instruction to the commodity broker to whom such commodity contract was 
so transferred.

(Pub. L. 95-598, Nov. 6, 1978, 92 Stat. 2619; Pub. L. 97-222, Sec. 18, 
July 27, 1982, 96 Stat. 240; Pub. L. 98-353, title III, Sec. 488, July 
10, 1984, 98 Stat. 383.)


                      Historical and Revision Notes

    For Historical and Revision Notes for this section, see Historical 
and Revision Notes set out under section 766 of this title.


                               Amendments

    1984--Subsec. (a). Pub. L. 98-353 substituted ``notice required by'' 
for ``notice under''.
    1982--Subsec. (b). Pub. L. 97-222 substituted ``commodity contract'' 
for ``commitment''.


                    Effective Date of 1984 Amendment

    Amendment by Pub. L. 98-353 effective with respect to cases filed 90 
days after July 10, 1984, see section 552(a) of Pub. L. 98-353, set out 
as a note under section 101 of this title.

                  Section Referred to in Other Sections

    This section is referred to in section 365 of this title.



Back Index Next

Note: For affordable legal assistance The Center For Debt Management highly recommends Standard Legal's Do-It-Yourself Bankruptcy Forms Software Kits. For credit repair services,
the most trusted law firm in America with over 15 years of experience is Lexington Law Firm.

For more bankruptcy help and bankruptcy alternatives, go to Bankruptcy Resources

Go to Index of Related Articles and Resources!

Click Below To Check Out More Financial Resources

Return to Top

The Center For Debt Management™

Helping Consumers Save Money and Reduce Debt Is Our Only Business!™

We invite you to explore the sectors listed below. We promise that you'll find exceptional values, offers and resources in which to reduce your living expenses and to enjoy life!


Debt Management and Financial Services! The Internet's oldest and most comprehensive debt management agency! Resources for debt management, consumer credit counseling, debt consolidation, debt reduction settlements, legal aid, financial aid, loans and financing, credit repair, credit reports, insurance quotes, income sources, tax assistance, and more.

Established in 1989 and serving the online community since 1992!


This site was created and designed by Daniel A. Gelinas
Disclaimer and Privacy Policy      © Copyright  2007 "The Center For Debt Management"      Contact Us
Return to Top

Legal Resource Center: United States Code TITLE 11 Filing Bankruptcy Forms Software