us bankruptcy code

  • 21bankruptcy 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… …

    Black's law dictionary

  • 22bankruptcy 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… …

    Black's law dictionary

  • 23bankruptcy — /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… …

    Universalium

  • 24Bankruptcy in the People's Republic of China — The Enterprise Bankruptcy Law of the People s Republic of China (trial Implementation) was first passed in 1986. On 1 June 2007, the new Enterprise Bankruptcy Law of the PRC came into force. It contains 136 articles, almost 100 more than the 1986 …

    Wikipedia

  • 25Bankruptcy Reform Act of 1978 — The Bankruptcy Reform Act of 1978 (USPL|95|598, USStat|92|2549, November 6, 1978) is a United States Act of Congress regulating Bankruptcy.The current Bankruptcy Code was enacted in 1978 by § 101 of the Act which generally became effective on… …

    Wikipedia

  • 26Bankruptcy Abuse Prevention and Consumer Protection Act — The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (USStatute|109|8|119|23|2005|04|20), providing for significant changes in bankruptcy in the United States, was passed by the 109th United States Congress on April 14, 2005 and… …

    Wikipedia

  • 27Bankruptcy — 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… …

    Financial and business terms

  • 28bankruptcy — 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.… …

    Financial and business terms

  • 29Bankruptcy — A legal proceeding involving a person or business that is unable to repay outstanding debts. The bankruptcy process begins with a petition filed by the debtor (most common) or on behalf of creditors (less common). All of the debtor s assets are… …

    Investment dictionary

  • 30Bankruptcy Abuse Prevention And Consumer Protection Act - BAPCPA — Legislation enacted by President George W. Bush in 2005 that revised the bankruptcy code for cases filed on or after October 17, 2005. The act created a means test that determines whether individuals filing for bankruptcy can file for chapter 7… …

    Investment dictionary