Bankrupt: Difference between revisions

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imported>Doug Williamson
(Create the page. Source: https://www.gov.uk/bankruptcy/overview)
 
imported>Doug Williamson
(Distinguish the two related meanings.)
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#Insolvent, with minimal prospects, or no prospects, of financial recovery.
#Insolvent for practical purposes, with minimal prospects, or no prospects, of financial recovery.
#Formally insolvent, following a court order.
#Formally insolvent, following a court order.



Revision as of 11:46, 28 June 2015

  1. Insolvent for practical purposes, with minimal prospects, or no prospects, of financial recovery.
  2. Formally insolvent, following a court order.


See also