Bankruptcy: Difference between revisions
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* [[Examinership]] | * [[Examinership]] | ||
* [[Going concern]] | * [[Going concern]] | ||
* [[Individual Voluntary Arrangement]] | |||
* [[Insolvency]] | * [[Insolvency]] | ||
* [[Liquidation]] | * [[Liquidation]] | ||
Revision as of 18:49, 24 July 2020
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.
