Bankruptcy: Difference between revisions

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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 costs]]
* [[Bankruptcy risk]]
* [[Bankruptcy risk]]
* [[Chapter 11]]
* [[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.


See also