Bankruptcy (Meaning of)

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Bankruptcy
State of being unable to pay debts. Thus, the ownership of the firm's assets is transferred from the stockholders to the bondholders.
Found op http://www.nytimes.com/library/financial/glossary/bfglosb.htm
Bankruptcy
Anyone can go bankrupt, including individual members of a partnership. There are different procedures for dealing with companies and for partnerships themselves. When a bankruptcy order has been made you must:
-provide the Official Receiver with a full list of your assets and details of what you...
Found op http://www.encyclo.co.uk/local/20194
bankruptcy
[n] - a state of complete lack of some abstract property 2. [n] - inability to discharge all your debts as they come due 3. [n] - a legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Found op http://www.webdictionary.co.uk/definition.php?query=bankruptcy
Bankruptcy
Bankruptcy is legal procedure for dealing with debts when you cannot pay.
Found op http://www.cccs.co.uk/glossary/glossary.xhtml
Bankruptcy
An order made under the Insolvency Act 1986 against an individual debtor (not a limited company) which signifies that he is unable to pay his debts and deprives him of his property which is distributed among his creditors. As a result of bankruptcy sbankrupt cannot trade or act as a company director...
Found op http://www.clickdocs.co.uk/glossary/bankruptcy.htm
Bankruptcy
A person is declared bankrupt by a Court which may happen at his own request or as a result of action taken by a creditor. A receiver will be appointed and assets be realised as effectively as possible.
Found op http://www.payontime.co.uk/collect/collect_glossary_b.html
Bankruptcy
This occurs when a person or a company is declared legally insolvent
Found op http://www.adverse-mortgage-centre.co.uk/adverse-credit-mortgage-glossary-p
Bankruptcy
In bankruptcy, the court is officially responsible for making a bankruptcy order against an individual. This is on the petition of a creditor on the grounds of insolvency, the individual themselves, by the supervisor of a failed individual voluntary arrangement or by the Secretary of State.
Found op http://www.encyclo.co.uk/local/20547
Bankruptcy
Where an insolvent person is made bankrupt by a court. A trustee in bankruptcy is appointed to distribute the bankrupt's assets amongst his creditors. Anyone owed £750 or more can file a bankruptcy petition at the High Court or the county court to declare the person bankrupt. The person who owes th...
Found op http://www.compactlaw.co.uk/legal_glossary/b/bankruptcy.html
Bankruptcy
This is an option a person may use if they do not pay their debts as and when they become due. They would lose control of their assets and would not be allowed to become a company director for the period of bankruptcy. Other occupations are also affected by bankruptcy and we recommend that you rea...
Found op http://www.encyclo.co.uk/local/20636
Bankruptcy
A situation where an individual is incapable of settling his/her debts and has been served a... <a target=_blank href='http://www.finance-glossary.com/terms/bankruptcy.htm?id=121&ginPtrCode=00000&PopupMode=false' title='Read full definition of bankruptcy'>more</a>
Found op http://www.finance-glossary.com/pages/home.htm
Bankruptcy
A person who is insolvent (unable to pay their debts) can be declared bankrupt. This means their assets and income become, for a period, by a trustee who attempts to clear what debts they can....more on Bankruptcy
Found op http://moneyterms.co.uk/

bankruptcy
Process by which the property of an individual or organization unable to pay debts is taken away under a court order and divided fairly among the person's creditors, after preferential payments such...
Found op http://www.encyclo.co.uk/local/20688
Bankruptcy
the formal recognition that a person cannot pay their debts as they are due. Note this only applies to individuals, companies and partnerships that become insolvent are wound up.
Found op http://www.businessballs.com/businesscontractstermsdefinitionsglossary.htm
Bankruptcy
Is an action that is filed in a federal bankruptcy court allowing a creditor to reorganize or discharge their credit obligations due to insolvency. A property owner may restrain foreclosure action by filing bankruptcy.
Found op http://www.encyclo.co.uk/local/20965
Bankruptcy
Bank'rupt·cy noun ; plural Bankruptcies 1. The state of being actually or legally bankrupt. 2. The act or process of becoming a bankrupt. 3. Complete loss; -- followed by of .
Found op http://www.encyclo.co.uk/webster/B/12
bankruptcy
The state of legal insolvency with assets taken over by judicial process so that they may be distributed among creditors. ... (12 Dec 1998) ...
Found op http://www.mondofacto.com/facts/dictionary?bankruptcy
bankruptcy
noun a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
Found op http://wordnetweb.princeton.edu/perl/webwn?s=bankruptcy
bankruptcy
noun 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`
Found op http://wordnetweb.princeton.edu/perl/webwn?s=bankruptcy
Bankruptcy
Inability to pay debts. In bankruptcy of a publicly owned entity, the ownership of the firm`s assets is transferred from the stockholders to the bondholders.
Found op http://www.duke.edu/~charvey/Classes/wpg/bfglosb.htm
Bankruptcy
• (n.) The state of being actually or legally bankrupt. • (n.) Complete loss; -- followed by of. • (n.) The act or process of becoming a bankrupt.
Found op http://thinkexist.com/dictionary/meaning/bankruptcy/
bankruptcy
the status of a debtor who has been declared by judicial process to be unable to pay his debts. Although sometimes used indiscriminately to mean ... [12 related articles]
Found op http://www.britannica.com/eb/a-z/b/17
bankruptcy
bankruptcy 1. The state of having been legally declared bankrupt. 2. Lack of resources; the complete lack of a particular quality, especially good or ethical qualities; moral bankruptcy.
Found op http://www.wordinfo.info/words/index/info/view_unit/1875/
Bankruptcy
The inability to pay debts. Discover What It`s Like to Live Easy With EquiTrend
Found op http://www.equitrend.com/glossary200.xhtml
BANKRUPTCY
Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may be released from or "discharged" from their debts, perhaps by paying a port...
Found op http://www.glossarycentral.com/legal/bankruptcy.html