Home > Terms > English, UK (UE) > Bankruptcy

Bankruptcy

When a person or business is unable to pay their debts and seeks protection of the state against creditors. Bankruptcies remain on credit records for up to ten years and can prevent a person from being able to get a loan.

This is auto-generated content. You can help to improve it.
0
Improve it
More
Collect to Blossary

Other Languages:

More

Member comments

You have to log in to post to discussions.

Related terms

bankruptcy
Economy; Economics

When a court judges that a debtor is unable to make the payments owed to a creditor. How bankrupts are treated can affect economic growth. If bankrupts are punished too severely, ...

bankruptcy
Law; US law

Under authority of the federal bankruptcy act, individuals and companies may be relieved of most of their debt.

bankruptcy
Legal services; Courts

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. Under the ...

bankruptcy
Economy; International economics

The condition of a legal entity that does not have the financial means to pay their incurred debts as they come due. In the U. S. this status is established through legal ...

bankruptcy
Banking; Investment banking

Inability to meet payment obligations leading to the enforced liquidation of the assets of a debtor entered in the Commercial Register. The proceeds of the liquidation are ...

bankruptcy
Agriculture; General agriculture

A legal process in which a debtor unable to pay debts has his assets liquidated and the debtor is relieved of further liability for those debts.

lymph hearts
Biology; General

Contractile enlargements of vessels that pump lymph back into the veins; found in fish, amphibians, and reptiles.

lungs
Biology; General

Sac-like structures of varying complexity where blood and air exchange oxygen and carbon dioxide; connected to the outside by a series of tubes and a small opening. In humans, the ...

lymphocytes
Biology; General

White blood cells that arise in the bone marrow and mediate the immune response; include T cells and B cells.

lysosomes
Biology; General

Membrane-enclosed organelles containing digestive enzymes. The lysosomes fuse with food vacuoles and enzymes contained within the lysosome chemically breakdown and/or digest the ...

luteal phase
Biology; General

The second half of the ovarian cycle when the corpus luteum is formed; occurs after ovulation.

labia majora
Biology; General

The outer folds of skin that cover and protect the genital region in women.

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: Aviation Category: Airplanes & equipment

Airbus A380

Currently the world's largest jetliner, the Airbus A380 is a double-deck, wide-body jet airliner manufactured by Airbus, a subsidiary of EADS. The ...

Contributor

Featured blossaries

4G LTE network architecture

Category: Technology   1 60 Terms

English Grammar Terms

Category: Languages   1 17 Terms

Browers Terms By Category

TERMS

SOCIAL

EXTRAS

SOLUTIONS