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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
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
Bankrupt Define Bankrupt at Dictionary
noun 1. Law. a person who upon his or her own petition or that of his or her creditors is adjudged insolvent by a court and whose property is administered for and
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
Bankrupt Easy to underst definition of bankrupt by Your
a person legally declared unable to pay his or her debts: the property of a bankrupt is administered for the benefit of his or her creditors and divided among them
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 meaning of bankrupt
Bankruptcy
Bankruptcy is a legal status of a person or organization that cannot repay...