Online Google Dictionary

bankruptcies 中文解釋 wordnet sense Collocation Usage Collins Definition
Noun
/ˈbaNGkˌrəp(t)sē/,/-rəp(t)sē/,
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bankruptcies, plural;
  1. The state of being bankrupt
    • - many companies were facing bankruptcy
    • - a series of bankruptcies and scandals
    • - bankruptcy proceedings
  2. The state of being completely lacking in a particular quality or value
    • - the moral bankruptcy of turning away desperate people
  1. (bankruptcy) a state of complete lack of some abstract property; "spiritual bankruptcy"; "moral bankruptcy"; "intellectual bankruptcy"
  2. (bankruptcy) 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"
  3. (bankruptcy) a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
  4. Bankruptcy is simply the inability of an individual to secure any more money from a bank. It is a device that informs banks that an individual or organization will not be able to pay monies owed if any more money is lent. ...
  5. (bankruptcy) A legally declared or recognized condition of insolvency of a person or organization
  6. (Bankruptcy) a legal process performed under the Bankruptcy and Insolvency Act. This process relieves consumers of most debts and legal proceedings by creditors will stop.
  7. (Bankruptcy) Judicial action to stay the normal collection of debts against the petitioner, and cause those debts to be satisfied at the direction of the court. Bankruptcies are classified by “chapters,” which refer to parts of a larger volume-the U.S. Bankruptcy Act.
  8. (Bankruptcy) Legal process governed by the U.S. bankruptcy code for people or companies unable to meet financial obligations.  The bankruptcy code is divided into chapters that provide different types of relief.  Chapter 7 governs liquidation rather than reorganization. ...
  9. (Bankruptcy) The formal condition of an insolvent person being declared bankrupt under law. The legal effect is to divert most of the debtor's assets and debts to the administration of a third person, sometimes called a "trustee in bankruptcy", from which outstanding debts are paid pro rata. ...
  10. (bankruptcy) Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. ...
  11. (bankruptcy) A federal court proceeding in which a debtor who is unable to continue to meet his/her financial obligations may be relieved from the payment of certain debts. This action seriously affects the borrower's credit worthiness.
  12. (Bankruptcy) A proceeding in which an insolvent debtor can obtain relief from payment of certain obligations. Bankruptcies remain on a credit record for seven years and can severely limit a person's ability to borrow.
  13. (Bankruptcy) This is an option a person may use if they do not pay their debts as and when they become due. They would lose control of their assets and would not be allowed to become a company director for the period of bankruptcy. ...
  14. (Bankruptcy) A proceeding in U.S. Federal Court that may legally release a person from repaying debts owed. The law contains several chapters which relate to different methods of relief.
  15. (Bankruptcy) A proceeding in U.S. Bankruptcy Court wherein assets of a debtor (unable or unwilling to pay debts) are applied by an officer of the court in satisfaction of creditor claims.
  16. (Bankruptcy) A federal court proceeding under the U.S. bankruptcy laws where an insolvent debtor either has its estate liquidated and its debts discharged or is allowed to reorganize its affairs under the protection of the bankruptcy court.
  17. (Bankruptcy) When a person is declared bankrupt, he is found to be legally insolvent and his property is distributed among his creditors or otherwise administered to satisfy the interests of his creditors. Federal student loans, however, cannot normally be discharged through bankruptcy.
  18. (Bankruptcy) Formal court process which transfers your property to a trustee.
  19. Bankruptcy is a legal declaration of the inability to repay debts. Bankruptcy should be viewed as a last resort. It will have a severe impact on a credit rating and will remain on a credit report for ten years. Furthermore, bankruptcy is not a solution in all cases. ...
  20. (Bankruptcy) When the legal system has confirmed that a person no longer has the financial resources to pay the debts that s/he may owe.
  21. Bankruptcy is a legal procedure in which the majority of an individual’s debts are written-off although the debtor will be forced to give up control of any assets that they may possess, including their home. Get more information in our bankruptcy guide.
  22. (Bankruptcy) For tax purposes, a formal petition filed in a Bankruptcy Court under Chapter 7, 11, 12, or 13 of Title 11 of the U.S. Code.
  23. (Bankruptcy) A proceeding in a federal court to relieve certain debts of a person or a business unable to pay its debts.
  24. (Bankruptcy) The legal financial state an individual is in, when unable to meet debts (for Companies it's known as being 'wound up'). ...