Bankruptcy

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

• Administration
• Bankruptcy Code
• Examinership
• Going concern
• Insolvency
• Liquidation
• Receivership