bankruptcy
Từ điển Collocation
bankruptcy noun
ADJ. personal
VERB + BANKRUPTCY face Small travel operators are facing bankruptcy. | be close to, be on the brink/verge of | be driven/forced/thrown into, go into | file for, petition for The company has been forced to file for bankruptcy. | declare It is the only country to have declared bankruptcy. | be saved from, escape (from)
BANKRUPTCY + NOUN order, proceedings The defendant has a bankruptcy order against him.
PHRASES the threat of bankruptcy
Từ điển WordNet
Bloomberg Financial Glossary
破产破产
Inability to pay debts. In bankruptcy of a publicly owned entity, the ownership of the firm's assets is transferred from the stockholders to the bondholders.
Investopedia Financial Terms
Bankruptcy
A legal proceeding involving a person or business that is unable to repay outstanding debts. The bankruptcy process begins with a petition filed by the debtor (most common) or on behalf of creditors (less common). All of the debtor's assets are measured and evaluated, whereupon the assets are used to repay a portion of outstanding debt. Upon the successful completion of bankruptcy proceedings, the debtor is relieved of the debt obligations incurred prior to filing for bankruptcy.
Investopedia Says:
Bankruptcy offers an individual or business a chance to start fresh by forgiving debts that simply can't be paid while offering creditors a chance to obtain some measure of repayment based on what assets are available. In theory, the ability to file for bankruptcy can benefit an overall economy by giving persons and businesses another chance and providing creditors with a measure of debt repayment.
Bankruptcy filings in the United States can fall under one of several chapters of the Bankruptcy Code, such as Chapter 7 (which involves liquidation of assets), Chapter 11 (company or individual "reorganizations") and Chapter 13 (debt repayment with lowered debt covenants or payment plans). Bankruptcy filing specifications vary widely among different countries, leading to higher and lower filing rates depending on how easily a person or company can complete the process.
English Synonym and Antonym Dictionary
bankruptcies
syn.: failure