Answer: The statement 'Bankruptcy proceedings are held in state courts' is False.
Explanation: The procedural aspects of the bankruptcy process are governed by the Federal Rules of Bankruptcy Procedure (often known as the "Bankruptcy Rules") and the local rules of each bankruptcy court. The Bankruptcy Rules have a set of official forms for use in bankruptcy cases. The Bankruptcy Code and Bankruptcy Rules (and local regulations) set out formal legal procedures for dealing with the debt problems of individuals and businesses.
There is a bankruptcy court for every judicial district in the country. Each state has one or more districts. There are 90 bankruptcy districts across the country for bankruptcy proceedings. Bankruptcy courts usually have their own clerk's offices. The court official with decision-making authority in federal bankruptcy cases is a United States bankruptcy judge, a judicial officer of the United States District Court.
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