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bankruptcy
(redirected from Reorganization bankruptcy)

    Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
bankruptcy,
n the legal process by which a person, business, or corporation is declared to be insolvent and unable to pay creditors.
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Chapter 13 is also referred to as reorganization bankruptcy or a wage earner's plan.
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This web-based clearinghouse offers basic and premium marketing services which allow distressed asset buyers to efficiently find assets of demonstrated value and sellers in a reorganization bankruptcy to achieve cost-effective market exposure for their assets.
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