declared bankruptcy
21e-mail bankruptcy — n. The state of being unable or unwilling to read and respond to all the e mail messages one has received, and so to delete those messages and start over again. Also: email bankruptcy. Example Citations: Last month, venture capitalist Fred Wilson …
22involuntary bankruptcy — n: bankruptcy declared upon petition of creditors see also bankruptcy Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. involuntary bankruptcy …
23contemplation 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… …
24contemplation 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… …
25claim in bankruptcy — The written claim filed by a creditor when a debtor (i.e., an individual or business who owes the creditor money) files for bankruptcy. The known creditors receive notice when a bankruptcy is declared, and will be told if the bankrupt party… …
26email bankruptcy — noun A decision to close an e mail account, wipe it clean, or ignore all the incoming messages, possibly sending automatic replies to the senders that a bankruptcy has been declared, due to an overwhelming receipt of messages …
27involuntary bankruptcy proceeding — A proceeding in a court of bankruptcy instituted by the creditors of a person, firm, or corporation, without his or its consent, to have him or it adjudicated and declared to be a bankrupt. Re Murray (DC Iowa) 96 F 600, 602. See involuntary… …
28voluntary bankruptcy — noun : a bankruptcy declared upon petition of the bankrupt …
29exempt property — Property or value in such property that is removed from the bankruptcy estate after having been properly declared as exempt in the bankruptcy schedules without any objection thereto (SA Bankruptcy.com) Property or value in property that a debtor… …
30void ab initio — A Latin phrase meaning a contract or agreement is void from the outset. Compare this to a contract that may subsequently be declared void by one of the parties (SA Bankruptcy.com) United Glossary of Bankruptcy Terms 2012 …
