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bankruptcy |
Also found in: Legal, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.03 sec. |
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bankruptcy, n the legal process by which a person, business, or corporation is declared to be insolvent and unable to pay creditors. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Bankrupcy information is supplied by Timely Info of Los Angeles, Jack Vaughn (323) 664-4423. Considering the earnings stability of the business, it is anticipated that the company would retain value as a business enterprise in the event of a bankrupcy. Non-disturbance agreements, in which the lender on the property agrees to honor the lease if the building owner goes into bankrupcy, are becoming more and more common in large lease deals around Los Angeles County. |
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