business bankruptcy

business bankruptcy
a bankruptcy case in which the debtor is a business or an individual with business related debt. Data from the U.S. Administrative Office of the Courts subdivides bankruptcies into business and non-business (Glossary of Common Bankruptcy Terms)

A bankruptcy case in which the debtor is a business or an individual involved in business and the debts are for business purposes. (BankruptcyAction.com)

a bankruptcy categorized by the U.S. courts as a business bankruptcy; data from the U.S. Administrative Office of the Courts subdivides bankruptcies into business and non-business. (Common Bankruptcy Terms)

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

Look at other dictionaries:

  • business bankruptcy — A proceeding under the Bankruptcy Code filed by a business entity. Short Dictionary of (mostly American) Legal Terms and Abbreviations …   Law dictionary

  • non-business bankruptcy — a bankruptcy categorized by the U.S. courts as a non business bankruptcy. The debtor in a non business bankruptcy is usually either an individual or a family farm. Data from the U.S. Administrative Office of the Courts subdivides bankruptcies… …   Glossary of Bankruptcy

  • bankruptcy — bank·rupt·cy / baŋ ˌkrəp sē/ n pl cies 1: the quality or state of a bankrupt filed for bankruptcy 2: the administration of an insolvent debtor s property by the court for the benefit of the debtor s creditors the debt was discharged in bankruptcy …   Law dictionary

  • Bankruptcy Abuse Prevention and Consumer Protection Act (US) — Bankruptcy Abuse Prevention and Consumer Protection Act Full title An Act to amend title 11 of the United States Code, and for other purposes. Acronym BAPCPA Colloquial name(s) Bankruptcy Reform Enacted by the …   Wikipedia

  • bankruptcy — also failure and insolvency a legal procedure for dealing with debt problems of individuals and business. A non technical term for a legal state of insolvency (Glossary of Common Bankruptcy Terms) A legal procedure for dealing with debt problems… …   Glossary of Bankruptcy

  • Business failure — Business Failure, or colloquially going out of business , refers to a company ceasing its operations following its inability to make a profit or to bring in enough revenue to cover its expenses.Some businesses fail early on. This can occur as a… …   Wikipedia

  • Bankruptcy Law — Bankruptcy proceedings are started by a bankruptcy petition, which may be presented to the court by (1) a creditor or creditors; (2) a person affected by a voluntary arrangement to pay debts set up by the debtor under the Insolvency Act (1986);… …   Big dictionary of business and management

  • Bankruptcy alternatives — Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. In most cases personal bankruptcy is initiated by the bankrupt individual. Bankruptcy is a legal process that discharges… …   Wikipedia

  • bankruptcy court — n: a court that is a unit of a federal District Court and has original jurisdiction over bankruptcy cases ◇ Bankruptcy courts were created by Congress as part of the 1898 Bankruptcy Act. Article I, Section 8 of the U.S. Constitution gives… …   Law dictionary

  • business reorganizations — (Chapter 11) When a debtor business entity realizes that it will become insolvent or will be unable to pay its debts as they mature, it can petition for reorganization under Chapter 11 of the Bankruptcy Code. The debtor business normally is… …   Black's law dictionary

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