bankruptcy assets
41voluntary bankruptcy — n: bankruptcy declared upon petition of the debtor see also bankruptcy Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. voluntary bankruptcy …
42discharge in bankruptcy — n. The release of a bankrupt person from his or her debts. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. discharge in bankruptcy …
43Personal bankruptcy — is a procedure which, in certain jurisdictions, allows an individual to declare bankruptcy. In other jurisdictions, bankruptcies are reserved for corporations. Personal bankruptcy (Canada) The concept behind bankruptcy in Canada is that an… …
44claim in bankruptcy — See: creditor s claim Category: Bankruptcy, Foreclosure & Debt → Bankruptcy Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 …
45Trustee in bankruptcy — A Trustee in Bankruptcy, in the United States, is a person who is appointed by the United States Department of Justice or by the creditors involved in a bankruptcy case.In a Chapter 7 Bankruptcy the trustee gathers the debtor’s non exempt… …
46involuntary bankruptcy — ➔ bankruptcy * * * involuntary bankruptcy UK US noun [U] LAW ► a situation in which a business or a person becomes unable to pay their debts, and is made officially bankrupt after people who are owed money go to court to try to get some of their… …
47contemplation of bankruptcy — Contemplation of the termination of one s business because of the financial inability to continue it. Knowledge of, and action with reference to, a condition of bankruptcy or ascertained insolvency, coupled with an intention to commit what the… …
48contemplation of bankruptcy — Contemplation of the termination of one s business because of the financial inability to continue it. Knowledge of, and action with reference to, a condition of bankruptcy or ascertained insolvency, coupled with an intention to commit what the… …
49Core Assets — An essential, important or valuable property of a business without which a company cannot carry on with its profit making activities. A business would dissolve without its core assets, and companies that sell off core assets are usually… …
50assignee in bankruptcy — UK US noun [C] (plural assignees in bankruptcy) (also trustee in bankruptcy) ► LAW a court official who is responsible for dealing with a bankrupt person’s assets and paying their debts as well as checking on their actions during the period they… …
