Business terms and jargon explained. Your business dictionary

What is Bankruptcy

This is when an individual is unable to pay his/her debts and the debtors have petitioned a court to serve a bankruptcy order on the individual. An official receiver is appointed to look into the affairs of the individual and their assets are realised and distributed among the debtors. The equivalent course of action for companies is liquidation.

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N337 Civil Court form Financial Ombudsman Service Transposition - EU Trademark
Parent company Crown copyright Pilot Operation Tangible Assets
Stamp duty Tariff Quotas Clock sucker Option to Tax
Log file Non constat Bank Transfer Registered Design
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Chattel IPT Depreciation CHAPS
Convertible securities Certificate of Incorporation Surplus Garage Sale
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Warehoused Goods Publicist Insider selling Resource Allocation

Term created / updated 2005-07-16 23:12:15

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