bankruptcy

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Related to Bankruptcy proceeding: Chapter 7 Proceedings

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 ?
That they were gone was clear; and the bankruptcy proceedings which followed were like a sinister farce, bursts of laughter in a setting of mute anguish--that of the depositors; hundreds of thousands of them.
The bankruptcy proceedings had exhausted all the laughter there was in it.
Indian ICICI Bank has launched bankruptcy proceeding against Western India Shipyard, a subsidiary ship repair yard of ABG Shipyard.
The Tax Court held that a bankruptcy proceeding conducted under chapter 11 did not end S corporation status.
It's been 12 years since Rio de Janeiro and Sao Paulo have had a bankruptcy proceeding because companies and lenders would rather deal with the default without the courts, says Denis Borges Barbosa, attorney at Borges, Beildeck & Vilardo in Rio de Janeiro.
Bud Bunce, communications director for the archdiocese, said the proposed form is a working document that will be adjusted after consultations with other attorneys in the bankruptcy proceeding.
Typically, a filing invokes the Code's "automatic stay," which means, for most kinds of debt, that all collection actions are immediately put on hold until the bankruptcy proceeding begins.
Manufacturer's Hanover filed an involuntary bankruptcy proceeding against the brothers at the game time the bank was ordered to produce its loan documents by a Supreme Court judge in the action Sturman had filed.
Deeply in debt and mired in a bankruptcy proceeding two years ago, the 30-year-old office copier and facsimile equipment company crafted and implemented a rigorous plan to get back in the black.
A significant legal question in this well-publicized bankruptcy proceeding is whether the various Maxicare plans should be treated as "insurance companies" and, therefore, ineligible for protection under the federal bankruptcy law.
Generally, costs incurred to institute and administer a bankruptcy proceeding are treated as facilitating a reorganization, according to Regs.
The IRS reasoning is simple: A bankruptcy proceeding also is a corporate reorganization with future benefits to the taxpayer.