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Home > Terms > English, UK (UE) > Prepackaged bankruptcies
Prepackaged bankruptcies
A situation in which the failing firm starts negotiating with its creditors well in advance of filing for a Chapter 11 bankruptcy in order to reach agreement on major issues before formally filing for bankruptcy.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Banking; Business services
- Category: Mergers & acquisitions
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