declared bankruptcy
11bankruptcy — /bangk rupt see, reuhp see/, n., pl. bankruptcies. 1. the state of being or becoming bankrupt. 2. utter ruin, failure, depletion, or the like. [1690 1700; BANKRUPT + CY] * * * Status of a debtor who has been declared by judicial process to be… …
12Bankruptcy — State of being unable to pay debts. Thus, the ownership of the firm s assets is transferred from the stockholders to the bondholders. The New York Times Financial Glossary * * * bankruptcy bank‧rupt‧cy [ˈbæŋkrʌptsi] noun bankruptcies PLURALFORM… …
13bankruptcy — Inability to pay debts. In bankruptcy of a publicly owned entity, the ownership of the firm s assets is transferred from the stockholders to the bondholders. Bloomberg Financial Dictionary Legal status of a company unable to pay creditors.… …
14bankruptcy proceedings — General term for the various types of proceedings under the Bankruptcy Code (11 U.S.C.A.) that are initiated either by an insolvent individual or business (termed a voluntary bankruptcy) or by creditors (termed an involuntary bankruptcy) seeking… …
15bankruptcy proceedings — General term for the various types of proceedings under the Bankruptcy Code (11 U.S.C.A.) that are initiated either by an insolvent individual or business (termed a voluntary bankruptcy) or by creditors (termed an involuntary bankruptcy) seeking… …
16bankruptcy — noun 1. a state of complete lack of some abstract property (Freq. 1) spiritual bankruptcy moral bankruptcy intellectual bankruptcy • Hypernyms: ↑failure 2. inability to discharge all your debts as they come due (Freq. 1) …
17bankruptcy — bankrupt ► ADJECTIVE 1) declared in law unable to pay one s debts. 2) completely lacking in a particular good quality or value: morally bankrupt. ► NOUN ▪ a person legally declared as bankrupt. ► VERB ▪ reduce to a bankrupt state. DERIVATIVES …
18bankruptcy — noun /ˈbæŋkrʌptsɪ/ A legally declared or recognized condition of insolvency of a person or organization. See Also: depression, economic downturn, financial crisis, insolvency, recession, moral bankruptcy, bankrupt, insolvent, broke, bust …
19Technical Bankruptcy — The state of a company or person who has defaulted on a financial obligation and would be declared bankruptcy if the creditor makes a claim through the courts. In other words, a company or person experiencing technical bankruptcy shows all the… …
20voluntary bankruptcy — n: bankruptcy declared upon petition of the debtor see also bankruptcy Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. voluntary bankruptcy …
