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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
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
Define Bankruptcy eHow
Bankruptcy means someone is legally unable to pay their debts as agreed. The procedure of verifying someone truly is bankrupt can take up to 8 months in most cases
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
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Images gallery of define bankrupt
Bankruptcy
Bankruptcy is a legal status of a person or organization that cannot repay the...