Bankrupt


 

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Bankrupt

One who is adjudicated a bankrupt by a court having proper jurisdiction. The bankruptcy may be voluntary (petitioned by the bankrupt) or involuntary (petitioned by the creditors of the bankrupt).



Bankrupt

Similar Matches

Voluntary bankruptcy

Voluntary bankruptcy

The legal proceeding that follows a petition of bankruptcy.


Prepackaged bankruptcy

Prepackaged bankruptcy

A bankruptcy in which a debtor and its creditors pre-negotiate a plan of reorganization and then file it along with the bankruptcy petition.


Bankruptcy cost view

Bankruptcy cost view

The argument that expected indirect and direct bankruptcy costs offset the other benefits from leverage so that the optimal amount of leverage is less than 100% leverage financing.


Implicit Bankruptcy Costs

Implicit Bankruptcy Costs

Opportunity costs incurred prior to the bankruptcy process such as the loss of sales or financing.


Bankruptcy

Bankruptcy

Proceedings under federal bankruptcy statutes to relieve a debtor (bankrupt) from insurmountable debt. The bankrupt's property is distributed by the court to the creditors as full satisfactions of the debts, in accordance with certain priorities and exemptions. Voluntary bankruptcy is petitioned by the debtor for, involuntary by the creditors.


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