Bankruptcy is a legal proceeding for people or businesses that are unable to repay their outstanding debts.
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that...
Bankruptcy Basics provides general information about federal bankruptcy laws and the bankruptcy process. It is not a guide for filing a bankruptcy case.
Dow Jones publishes exclusive news & insight on in-progress bankruptcies & companies headed for distress. Access news, court documents, filings, bond pricing & issuances & more from Daily Bankruptcy Review, DBR Small Cap & DBR High Yield.
si/ Noun bankruptcy ( countable and uncountable , plural bankruptcies ) ( finance , law ) A legally declared or recognized condition of insolvency of a person or organization. Derived terms...
The meaning of BANKRUPTCY is the quality or state of being bankrupt. How to use bankruptcy in a sentence.
Bankruptcy definition: the state of being or becoming bankrupt. . See examples of BANKRUPTCY used in a sentence.
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Individuals can file either Chapter 7 bankruptcy or Chapter 13 bankruptcy. Here is how the two types work and some alternatives to consider first.
About Bankruptcy Filing bankruptcy can help a person by discarding debt or making a plan to repay debts. A bankruptcy case normally begins when the debtor files a petition with the bankruptcy court...