Business Terms and Jargon Explained

What is Bankrupt

Insolvent - unable to pay creditors and having all goods/effects administered by a liquidator or trustee and sold for the benefit of those creditors; as a result of an order under the Insolvency Act 1986.

Crown Copyright. Material taken from Her Majesty's Courts Service (HMCS) website. Reproduced under the terms and conditions of the Click-Use Licence.

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Deposit Financial Auxiliaries NDA
Philanthropy Entitled Destinations Bad debt
Smurfing N337 Civil Court form CTR
Donee Writ of Execution Gourde
Junior debt APK Excise Duty
Retail Prices Index - RPI - RPIX AMOGA Payroll
Stet Mala fides Information Assets
Narrowband In extenso Bad Debt Relief
Paradigm shift Domicile of choice Locus in quo
Doli incapax Value billing Fifo
N322A Civil Court form General Partner Specific Legacy
N227 Civil Court form Equity Self-Billing
Power of Attorney Sui generis Drawback

Term created / updated 2008-06-12 12:03:24

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