Bankrupcy - Hutchinson encyclopedia article about Bankrupcy Printer Friendly
The Free Dictionary
898,243,703 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

bankruptcy
(redirected from Bankrupcy)

    Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia 0.06 sec.

bankruptcy

Process by which the property of an individual or organization unable to pay debts is taken away under a court order and divided fairly among the person's creditors, after preferential payments such as taxes and wages. Proceedings may be instituted either by the debtor (voluntary bankruptcy) or by any creditor for a substantial sum (involuntary bankruptcy). Until ‘discharged’, a bankrupt is severely restricted in financial activities.

Federal law distinguishes between complete bankruptcy and protection of assets for purposes of financial reorganization. The latter is commonly referred to as Chapter 11 bankruptcy, since it is provided for under Chapter 11 of the federal bankruptcy law, which allows businesses and individuals to continue to operate while reorganizing to pay debts.
?Page tools
Printer friendly
Cite / link
 Email
Feedback
?Sign in SSL protected
Email:
Password:
Register

? Mentioned in ? References in periodicals archive
 
Bankrupcy information is supplied by Timely Info of Los Angeles, Jack Vaughn (323) 664-4423.
Bankruptcies by Los Angeles Business Journal
Considering the earnings stability of the business, it is anticipated that the company would retain value as a business enterprise in the event of a bankrupcy.
S&P Assigns B+ Corp Credit Rtg to Romacorp Inc by Business Wire
Non-disturbance agreements, in which the lender on the property agrees to honor the lease if the building owner goes into bankrupcy, are becoming more and more common in large lease deals around Los Angeles County.
Tenants should make provisions for bankruptcy by Mullen, Liz / Los Angeles Business Journal
More results
 
Hutchinson browser? ? Full browser
 
 
Hutchinson Encyclopedia
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.