Definition of bankrupt
WebApr 4, 2024 · bankruptcy, the status of a debtor who has been declared by judicial process to be unable to pay his debts. Although sometimes used indiscriminately to mean … WebSynonyms for BANKRUPT: devoid, void, destitute, barren, empty, bereft, insufficient, bare; Antonyms of BANKRUPT: rife, fraught, flush, filled, full, saturated ...
Definition of bankrupt
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Webbankruptcy. A legal procedure for dealing with debt problems of individuals and businesses; specifically, a case filed under one of the chapters of title 11 of the United … WebFeb 13, 2024 · Chapter 11 is a form of bankruptcy that involves the reorganization of a debtor's business affairs, debts, and assets. It is also referred to as a "reorganization" bankruptcy. Key Takeaways A...
WebThe meaning of BANKRUPTCY is the quality or state of being bankrupt. How to use bankruptcy in a sentence. the quality or state of being bankrupt; utter failure or impoverishment… Webbankruptcy. [ bangk-ruhpt-see, -r uhp-see ] See synonyms for bankruptcy on Thesaurus.com. noun, plural bank·rupt·cies. the state of being or becoming bankrupt. utter ruin, failure, …
WebApr 14, 2024 · “@ANI foundation of sciences by insisting on definitions. Later after enjoying Guillotining became Bankrupt and plunged Europe into European war. Democracy is just a soft form of communism. Insurance companies can govern much better. Their business is earning trust. They” WebThe foregoing definition of “Bankruptcy” is intended to replace and shall supersede and replace the definition of “Bankruptcy” set forth in Sections 18-101(1) and 18-304 of the Act. Bankrupt means with respect to any entity, such entity that (a) files a …
WebBankrupt definition: A person, business, or organization legally declared insolvent because of inability to pay debts.
Webbankrupt adjective us / ˈbæŋ·krəpt / without enough money to pay your debts: If I don’t find a job, I’ll be bankrupt in two months. law When a company or person is bankrupt, a court of … caperlan pocket fishing ponchoWebFeb 4, 2024 · What Is Bankruptcy? Bankruptcy is a legal process by which an individual or business, called the debtor, can petition the courts for relief from debts they're unable to pay. The goal of... ca permit handbookWeb1. The state or condition of one who is a bankrupt; amenability to the bankrupt laws; the condition of one who has committed an act of bankruptcy, and is liable to be proceeded against by his creditors therefor, or of one whose circumstances are such that he is entitled, on his voluntary application, to take the benefit of the bankrupt laws. british orange squashWebMay 8, 2024 · Definition and Example of Chapter 7 Bankruptcy. Chapter 7 is the most common type of bankruptcy filing in the U.S. The trustee takes control of assets you own and sells them according to bankruptcy laws and rules to raise money to pay off your debts. You might have a second car that you don't use to get to work. Owning it is a luxury. british orange juiceWebThe meaning of BANKRUPT is a debtor (such as an individual or an organization) whose property is subject to voluntary or involuntary administration under the bankruptcy laws for the benefit of the debtor's creditors. How to use bankrupt in a sentence. Synonym Discussion of Bankrupt. ca permit test handbookWeb1. a person who is adjudged insolvent by a court and whose property is divided among creditors under the bankruptcy laws. 2. any insolvent debtor; a person unable to satisfy … british orange soupWebApr 4, 2024 · The meaning of DECLARE BANKRUPTCY is to formally say in a legal document that one is bankrupt. How to use declare bankruptcy in a sentence. british orchard nursery al nahyan