FAR 42.900 — Scope of subpart
Regulatory text. Not legal advice.
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.
Source: eCFR • Pulled 2026-04-16