Synonyms of bankruptcy ; 1 : the quality or state of being bankrupt ; 2 : utter failure or impoverishment
Define bankruptcy. bankruptcy synonyms, bankruptcy pronunciation, bankruptcy translation, English dictionary definition of bankruptcy. n. 1. The state of being bankrupt. 2. A legal proceeding that...
More than 250,000 words that aren't in our free dictionary ; Expanded definitions, etymologies, and usage notes ; Advanced search features ; Ad free!
Insolvency Processes Administration Bankruptcy Chapter 7 (US) CVA Conservatorship Dissolution... in Bankruptcy Trustee in bankruptcy Claimants Creditor Preferential creditor Secured...
Bankruptcy Abuse Prevention and Consumer Protection Act of... Acronyms (colloquial) BAPCPA Nicknames Bankruptcy Reform... 61 (2011) The Bankruptcy Abuse Prevention and Consumer Protection...
Recent Examples on the Web ; With the stock now trading for less than a penny in bankruptcy, Henrik Fisker has suffered big losses too, with his stake in the company worth little to nothing. Laurence Darmiento, Los Angeles Times, 16 Aug. 2024 ; But creditors have repeatedly complained that Giuliani has not filed a complete picture of his net worth, as is required in bankruptcy proceedings, and have sought information on his businesses and investments. Holly Bailey, Washington Post, 12 July 2024 ; While in bankruptcy, Giuliani unsuccessfully att ...
What Is Bankruptcy? Bankruptcy is a legal proceeding initiated when a person or business... The bankruptcy process begins with a petition filed by the debtor, which is most common, or on...
What Is Bankruptcy? ; Bankruptcy is a legal process by which an individual or business, called the debtor, can petition the courts for relief from debts they're unable to pay. The goal of bankruptcy is to allow the debtor a financial fresh start by alleviating them of their debts. All U.S. bankruptcy cases are handled by the federal courts under U.S. Bankruptcy Code rules. There are different types of bankruptcy outlined in the various chapters of the Bankruptcy Code, such as Chapter 7 bankruptcy for the liquidation of assets to repay the debts ...
Definition of bankruptcy in the Legal Dictionary - by Free online English dictionary and encyclopedia. What is bankruptcy? Meaning of bankruptcy as a legal term. What does bankruptcy mean in law?
Bankruptcy ; A federally authorized procedure by which a debtor—an individual, corporation, or municipality— is relieved of total liability for its debts by making court-approved arrangements for their partial repayment. Once considered a shameful last resort, bankruptcy in the United States is emerging as an acceptable method of resolving serious financial troubles. A record one million individuals filed for bankruptcy protection in the United States in the peak year of 1992, and between 1984 and 1994 the number of personal bankruptcy fili ...