bankruptcy

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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.
References in periodicals archive ?
in May, but between 1987 and November 2004, he owned the Ducks Inn Restaurant in Camden, according to his voluntary bankruptcy petition.
This proposed acquisition of Lenox follows the recent purchase of Pfaltzgraff by the housewares company Lifetime Brands, and the re-emergence of Syratech from voluntary bankruptcy protection.
Under the voluntary bankruptcy filing, Trump Atlantic City Associates, 99pc owned by Trump Hotels & Casino Resorts, listed $1.
Three-quarters of these had petitioned for voluntary bankruptcy.
Beleaguered TV entertainer Michael Barrymore has filed for voluntary bankruptcy in England, his agent revealed yesterday.
on Wednesday filed for voluntary bankruptcy -- less than six months after the start-up carrier was launched last October -- and the request was accepted by the court.
A more comprehensive educational drive must also target those individuals that lack financial prudence and regard voluntary bankruptcy as a way to wipe the slate clear of crippling debts, and will continue to do so following the introduction of user-friendly legislation introduced by the Government.
plant when the Goldman Industrial Group's voluntary bankruptcy was announced.
the nation's largest movie theater chain, emerged from voluntary bankruptcy protection Wednesday with its chairman poised to head an even larger consolidated group.
Transportation Technologies, the parent company of beverage truck body builders Hackney & Sons and Kidron, has moved to begin voluntary bankruptcy actions under provisions of Chapter 11 of the U.
In 1994, he and his law firm filed for voluntary bankruptcy under chapter 11.
The lender will also frequently request various special rights, including the ability to accelerate the loan upon a bankruptcy filing by the SPE and, in many instances, a tiny ownership interest in the SPE in order to permit the lender to "veto" a voluntary bankruptcy filing by the SPE.

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