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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N434 Civil Court form Lessor Peripheral Operational risk
Allotment Collateralised Transactions Workout CTR
ASCII In extenso Call to Action PRODCOM
Obsolete Notice to quit Al Desco Batch production
Solvency Terms of Reference Gazundering Residue
Interest rate risk Austral Net worth Chattels
Domicile Tenge IaaS Alib
Home Working AIUI Banking book Cartel
Insider report Treeware Associated companies Moonlighting
Eminant Domain Amped Bill of Lading Redundancy

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

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