Bankruptcy: Difference between revisions
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imported>Doug Williamson (Add links.) |
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Bankruptcy is a formal declaration of insolvency by a court. | Bankruptcy is a formal declaration of insolvency by a court. | ||
Bankruptcy can apply to businesses and to individuals. | Bankruptcy can apply to businesses and to individuals. | ||
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* [[Bankruptcy Act]] | * [[Bankruptcy Act]] | ||
* [[Bankruptcy Code]] | * [[Bankruptcy Code]] | ||
* [[Bankruptcy risk]] | * [[Bankruptcy risk]] | ||
* [[Chapter 11]] | |||
* [[Cost of financial distress]] = bankruptcy costs | |||
* [[Examinership]] | * [[Examinership]] | ||
* [[Going concern]] | * [[Going concern]] | ||
Latest revision as of 16:34, 1 July 2022
Insolvency law.
Bankruptcy is a formal declaration of insolvency by a court.
Bankruptcy can apply to businesses and to individuals.
It provides a degree of protection for the debtor against its creditors, while also involving a loss of control by the debtor.
