Bankruptcy: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add links.) |
imported>Doug Williamson (Add link.) |
||
Line 14: | Line 14: | ||
* [[Bankruptcy costs]] | * [[Bankruptcy costs]] | ||
* [[Bankruptcy risk]] | * [[Bankruptcy risk]] | ||
* [[Chapter 11]] | |||
* [[Examinership]] | * [[Examinership]] | ||
* [[Going concern]] | * [[Going concern]] |
Revision as of 08:45, 4 May 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.