bankruptcy

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bank·rupt·cy

 (băngk′rəpt-sē, -rəp-sē)
n.
1. The state of being bankrupt.
2. A legal proceeding that allows for a person or entity to be declared bankrupt.
3. The system of adjudication that declares instances of bankruptcy: went into bankruptcy.

bankruptcy

(ˈbæŋkrʌptsɪ; -rəptsɪ)
n, pl -cies
the state, condition, or quality of being or becoming bankrupt

bank•rupt•cy

(ˈbæŋk rʌpt si, -rəp si)

n., pl. -cies.
1. the state of being bankrupt.
2. utter ruin or failure.
[1690–1700]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.bankruptcy - a state of complete lack of some abstract property; "spiritual bankruptcy"; "moral bankruptcy"; "intellectual bankruptcy"
failure - lack of success; "he felt that his entire life had been a failure"; "that year there was a crop failure"
2.bankruptcy - inability to discharge all your debts as they come duebankruptcy - inability to discharge all your debts as they come due; "the company had to declare bankruptcy"; "fraudulent loans led to the failure of many banks"
insolvency - the lack of financial resources
3.bankruptcy - a legal process intended to insure equality among the creditors of a corporation declared to be insolventbankruptcy - a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
legal proceeding, proceeding, proceedings - (law) the institution of a sequence of steps by which legal judgments are invoked
law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"

bankruptcy

noun
1. insolvency, failure, crash, disaster, ruin, liquidation, indebtedness Many established firms were facing bankruptcy.
2. emptiness, want, vacuum, deficiency, void, shortcoming, deprivation, dearth, destitution, vacuity The massacre laid bare the moral bankruptcy of the regime.

bankruptcy

noun
The condition of being financially insolvent:
Translations
إِفْلاس
bankrotúpadek
fallitkonkursbankerot
konkurssivararikko
csõd
gjaldòrot
surseance van betaling
bankrot
bankrot
konkurs
iflâs

bankruptcy

[ˈbæŋkrəptsɪ]
A. N
1. (Jur) → quiebra f
2. (fig) → falta f (of de) moral bankruptcydecadencia f moral
B. CPD bankruptcy court N (Brit) → tribunal m de quiebras
bankruptcy proceedings NPLjuicio m de insolvencia

bankruptcy

[ˈbænkrʌptsi ˈbæŋkrəptsi] n
(financial) [person, company] → faillite f
to file for bankruptcy → déposer son bilan
(fig) moral bankruptcy → carence f de moralité
intellectual bankruptcy → carence f intellectuellebank statement nrelevé m de comptebank transfer nvirement m bancaire (électronique)bank vault nchambre f fortebanned substance n (= drug) → substance f prohibée

bankruptcy

n
(Jur) → Bankrott m, → Konkurs m; (instance) → Konkurs m; the possibility of bankruptcydie Möglichkeit eines or des Bankrotts or Konkurses
(fig)Bankrott m

bankruptcy

:
Bankruptcy Court
nKonkursgericht nt
bankruptcy proceedings

bankruptcy

[ˈbæŋkrəptsɪ] nfallimento, bancarotta
bankruptcy proceedings → procedura fallimentare

bankrupt

(ˈbӕŋkrapt) adjective
unable to pay one's debts. He has been declared bankrupt.
noun
a person who is unable to pay his debts.
verb
to make bankrupt. His wife's extravagance soon bankrupted him.
ˈbankruptcy noun
References in classic literature ?
Always magnanimous and the soul of honor, Scott refused to take advantage of the bankruptcy laws, himself assumed the burden of the entire debt, and set himself the stupendous task of paying it with his pen.
Problems and Materials on Bankruptcy Law and Practice, 3rd Edition
Both a new bankruptcy law and a new moveable pledge law in the UAE are examples of progressive legal changes that are likely to increase confidence amongst financial institutions by harmonising existing laws with international best practises.
Saudi Arabia is set to introduce a bankruptcy law early next year as part of efforts to attract foreign investment and encourage private sector activity, said a report, citing Saudi-owned broadcaster Al Arabiya reported citing the kingdom's Trade and Investment Mminister Majid Al-Qasabi.
Throughout his 34-year career, Edelberg has proven himself an expert on bankruptcy law, authoring multiple articles on Bankruptcy Code and lecturing on behalf of the New Jersey Institute of Continuing Legal Education, the Seton Hall Business School, Bergen Community College and the National Business Institute concerning bankruptcy law.
He is one of only seven attorneys in the state to be Board Certified in both consumer bankruptcy law and business bankruptcy law by the American Board of Certification (ABC).
The UAE bankruptcy law is a boon for business, a UAE banking expert said today during a conference organised by the Emirates Institute for Banking and Financial Studies (EIBFS) in Dubai, according to media reports.
This article assesses the impact of the new UAE Bankruptcy Law on directors and managers of distressed companies.
Since the Enterprise Bankruptcy Law of China [hereafter the 2006 EBL] took effect compositions thereunder have faced both academic and practical crises.
Summary: The UAE Bankruptcy Law or Federal Law 9 of 2016 would further improve the credit dynamics and investor confidence in the UAE, according to Emirates NBD.
Commenting on the impact of the bankruptcy law on the banking sector he said it is major development for banks and its customers in the country.
The new bankruptcy law will not apply to individuals with debts, officials have said, adding that anyone who tries to abuse the legislation could be jailed for up to five years.

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