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FAR and DFARS › FAR Part 42: Contract Administration and Audit Services › Subpart 42.9

FAR 42.900 Scope of subpart.

The codified text (eCFR, as of 2026-10-02). Under the Revolutionary FAR Overhaul ↗, agencies follow class deviations with new text for many parts while the formal rules go through the Federal Register: check the solicitation and your contract's clauses, which rule.

In plain English

This subpart sets out policies and procedures for when a contractor enters bankruptcy proceedings. It requires the contractor to notify the contracting officer after filing a bankruptcy petition, and it sets minimum steps for agencies to follow in that situation. Contractors should know that a bankruptcy filing triggers a notification duty to the government.

Applies to: Contractors that enter proceedings relating to bankruptcy

What it requires

  • Notify the contracting officer upon filing a petition for bankruptcy

Key terms: bankruptcy · contracting officer · petition for bankruptcy

Written by AI from this section's text. A guide, not legal advice: the text below rules.

The text

This subpart prescribes policies and procedures regarding actions to be taken when a contractor enters into proceedings relating to bankruptcy. It establishes a requirement for the contractor to notify the contracting officer upon filing a petition for bankruptcy. It further establishes minimum requirements for agencies to follow in the event of a contractor bankruptcy.

← 42.803 Disallowing costs after incurrence. · 42.901 General. →

Rule changes for FAR Part 42

Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Plain words for the terms: glossary.

FAR 42.900 Scope of subpart · SpendQuery