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Bankruptcy
Bankruptcy is a legal status of a person or organization that cannot repay the debts it owes to creditors. In most jurisdictions, bankruptcy is imposed by a court
Bankruptcy Define Bankruptcy at Dictionary
noun, plural bank·rupt·cies. 1. the state of being or becoming bankrupt . 2. utter ruin, failure, depletion, or the like. Origin: 1690–1700; bankrupt + -cy
bankrupt definition of bankrupt by the Free Online Dictionary
bank·rupt (b ngk r pt, -r pt) n. 1. Law A debtor that, upon voluntary petition or one invoked by the debtor's creditors, is judged legally insolvent.
Bankruptcy Definition More from the Free Merriam-Webster
Definition of BANKRUPTCY. 1: the quality or state of being bankrupt. 2: utter failure or impoverishment . See bankruptcy defined for English-language learners »
Bankrupt Definition More from the Free Merriam-Webster
Definition of BANKRUPT. 1. a: a person who has done any of the acts that by law entitle creditors to have his or her estate administered for their benefit
Bankruptcy Definition Investopedia
Definition of 'Bankruptcy' A legal proceeding involving a person or business that is unable to repay outstanding debts. The bankruptcy process begins with a petition
Definition of Bankruptcy TeachMeFinance
Bankruptcy-- a federal law Whereby a person's assets are turned over to a trustee and used to pay off outstanding debts; this usually occurs
What is Bankrupt? definition meaning Investment
Definition of bankrupt: A person, firm, or corporation that has been declared insolvent through a court proceeding and is relieved from the payment of all debts after
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Images gallery of definition of bankrupt
Bankruptcy
Bankruptcy is a legal status of a person or organization that cannot re...