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 — 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

  • bankruptcy protection — ➔ protection * * * bankruptcy protection UK US noun [U] (also bankruptcy law protection) ► LAW, FINANCE laws that limit the amount of money a bankrupt company (= one that owes more money than it can pay) must pay to those it owes money to: »The… …   Financial and business terms

  • bankruptcy court — ➔ court1 * * * bankruptcy court UK US noun [C] LAW, FINANCE ► a special court that deals with situations in which a business or a person becomes unable to pay their debts, and is officially bankrupt: »The agency will assume much of the burden if… …   Financial and business terms

  • bankruptcy judge — ➔ judge1 * * * bankruptcy judge UK US noun [C] LAW, FINANCE ► a judge (= person in charge of a court) who deals with situations in which a business or a person becomes unable to pay their debts, and is officially bankrupt: »The pay program will… …   Financial and business terms

  • Bankruptcy Reform Act of 1978 — the first substantive bankruptcy code revision since the Chandler Act of 1938. It took effect on October 1, 1979 and some of the major elements of this act were as follows: upgrading the jurisdiction of the U.S. bankruptcy courts to deal with… …   Glossary of Bankruptcy

  • Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 — Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005 This legislation primarily affects consumer filings, making it more difficult for a person or estate to file for Chapter 7 bankruptcy. The BAPCPA impacts business filers as… …   Glossary of Bankruptcy

  • Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005 — This legislation primarily affects consumer filings, making it more difficult for a person or estate to file for Chapter 7 bankruptcy. The BAPCPA impacts business filers as well with the heaviest impact on smaller (those listing less than $2… …   Glossary of Bankruptcy

  • bankruptcy mill — a business not authorized to practice law that provides bankruptcy counseling and prepares bankruptcy petitions (Glossary of Common Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

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