Business Terms and Jargon Explained

What is Bankruptcy Order

This indicates that a person is unable to pay their debts and, subject to certain exceptions, deprives them of their property. The property can then be sold in order to pay the person's creditors.

Crown Copyright. Material taken from HM Revenue & Customs. Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2006-11-24 15:41:42

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