48 CFR · Federal Acquisition Regulation and Defense supplement

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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.

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6 sections with “bankruptcy proceedings”

  • FAR 52.242-13 Bankruptcy.
    As prescribed in 42.903, insert the following clause: Bankruptcy (JUL 1995) In the event the Contractor enters into proceedings relating to bankruptcy, whether voluntary or involuntary, the Contractor agrees to furnish, by certified mail …
  • FAR 42.902 Procedures.
    (a) When notified of bankruptcy proceedings, agencies shall, as a minimum— (1) Furnish the notice of bankruptcy to legal counsel and other appropriate agency offices (e.g., contracting, financial, property) and affected buying activities; …
  • FAR 52.232-12 Advance Payments.
    …Contractor's property, or the institution of proceedings by or against the Contractor for bankruptcy, reorganization, arrangement, or liquidation. (iv) The service of any writ of attachment, levy of execution, or commencement of garnishmen…
  • FAR 42.900 Scope of subpart.
    …dures 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 establ…
  • FAR 9.406-2 Causes for debarment.
    … taxpayer is not currently required to make full payment. (4) The taxpayer has filed for bankruptcy protection. The taxpayer is not delinquent because enforced collection action is stayed under 11 U.S.C. 362 (the Bankruptcy Code). (vi) Kn…
  • FAR 32.607-2 Deferment of collection.
    …erment agreement and accelerate the maturity of the debt if the contractor defaults or if bankruptcy or insolvency proceedings are instituted by or against the contractor. (7) Protective requirements that are considered by the Government t…

FAR (chapter 1)

DFARS (chapter 2, Defense)

Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Rule changes in progress: FAR, DFARS. Terms: glossary.