Bankruptcy Meaning and Definition in Dictionary
Definitions from Wordnet 2.0
- a legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
- inability to discharge all your debts as they come due; "the company had to declare bankruptcy"; "fraudulent loans led to the failure of many banks"
- a state of complete lack of some abstract property; "spiritual bankruptcy"; "moral bankruptcy"; "intellectual bankruptcy"
Definitions from Wiktionary
- a state of complete lack of some abstract property; "spiritual bankruptcy"; "moral bankruptcy"; "intellectual bankruptcy" ,
- inability to discharge all your debts as they come due; "the company had to declare bankruptcy"; "fraudulent loans led to the failure of many banks" ,
- a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
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Wikipedia Meaning and Definition on 'Bankruptcy'
- Bankruptcy: Bankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors . ...
- Bankruptcy in the United States: Bankruptcy in the United States is governed under the United States Constitution (Article 1, Section 8, Clause 4) which authorizes Congress ...
- Bankruptcy of Lehman Brothers: Lehman Brothers filed for Chapter 11 bankruptcy protection on September 15, 2008. The bankruptcy of Lehman Brothers remains the largest ...
- Personal bankruptcy: Personal bankruptcy is a procedure which, in certain jurisdiction s, allows an individual to declare bankruptcy . bankruptcies are ...
- Bankruptcy in the United Kingdom: Bankruptcy in the United Kingdom does not have a singular law. There is one system for England and Wales , one for Northern Ireland and ...
Words and phrases related to 'Bankruptcy'
Bankruptcy Sample Sentences in News
- Judge picks Supremacy Clause in Detroit’s bankruptcy battle
Federal bankruptcy Judge Steven Rhodes said on Tuesday that Detroit can possibly cut pensions for city workers as part of its bankruptcy proceedings, despite a Michigan constitutional provision that prevents such actions. Read more on this news related to 'Bankruptcy'
- Who will get screwed in Detroit's bankruptcy?
On Tuesday, U.S. Bankruptcy Judge Steven Rhodes upheld Detroit's eligibility to file for Chapter 9 bankruptcy, then gave some bad news to the ailing city's municipal workers and retirees: Their pension funds are on the block. "In the long-running story of Detroit as Humpty Dumpty," says Laura Berman in The Detroit News, this "was another of Read more on this news related to 'Bankruptcy'
- Bankruptcy protection offers hope for Detroit, setback for its unions
U.S. bankruptcy judge rules that Detroit is insolvent and therefore eligible for Chapter 9 protection. The ruling also clears the way to cut pensions, deepening a rift with city labor unions. After a federal judge ruled Tuesday that Detroit was eligible for bankruptcy protection and cleared the way for municipal pensions to be cut, city officials were upbeat, call Read more on this news related to 'Bankruptcy'