The meaning of BANKRUPTCY is the quality or state of being bankrupt. How to use bankruptcy in a sentence.
On this page, you'll find the legal definition and meaning ofBankruptcy, written in plain English, along with examples of how it is used. What is Bankruptcy? (n) Bankruptcy is the situation in which the liabilities of a person or business entity exceeds the assets and properties owned by ...
The meaning of IN BANKRUPTCY is officially recognized as bankrupt. How to use in bankruptcy in a sentence.
"the breaking up of a business due to its inability to pay obligations," from bankrupt,… See origin and meaning of bankruptcy.
bankruptcy petition meaning, definition, what is bankruptcy petition: when a person or business that is owed m...: Learn more.
Define Bankruptcy Acts. Bankruptcy Acts synonyms, Bankruptcy Acts pronunciation, Bankruptcy Acts translation, English dictionary definition of Bankruptcy Acts. an act of a debtor which renders him liable to be adjudged a bankrupt. See also: Act Webster's
Definition of bankruptcy in the Legal Dictionary - by Free online English dictionary and encyclopedia. What is bankruptcy? Meaning of bankruptcy as a legal term. What does bankruptcy mean in law?
On this page, you'll find the legal definition and meaning ofChapter 7 Bankruptcy, written in plain English, along with examples of how it is used. What is Chapter 7 Bankruptcy? It is also a form of filing for bankrupcy where the debtor asks for liquidation of his/her assets and the ...
Chapter 11 is a form of "reorganization" bankruptcy. Rather than have its assets liquidated (sold off) in order to pay its creditors, the company is allowed to retain them while it works out a plan to satisfy its debts under the supervision of a federal court and appointed bankruptcy truste...
In addition, more than 50% of the gross income for an individual or married couple must have come from that business in the preceding tax year—or, in the case of farmers, in each of the two or three preceding years.1 There are also prescribed debt limits for those seeking to file for...