(redirected from Voluntary bankruptcy)
Also found in: Dictionary, Thesaurus, Legal, Financial, Encyclopedia.


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 ?
SAPPORO - A Hokkaido meat processor involved in a false-labeling scandal on Tuesday filed for voluntary bankruptcy with the Sapporo District Court, according to the lawyer's office representing the company.
In view of there being no prospect of resuming operations at the plant, and having failed to find any candidate to take over its operations, Kyowa Perfumery sought voluntary bankruptcy.
6, 2008 following a voluntary bankruptcy filing on Oct.
html), the status conference for the Texas Rangers voluntary bankruptcy case is scheduled for 1:30pm CT
The Company noted that filing a voluntary bankruptcy proceeding under Chapter 11 of the Bankruptcy Code facilitated the consummation of the CapitalSource transaction, which kept its then insured subsidiary institution from being taken over by the banking regulators.
The declaration followed the midsize paper manufacturer's application for voluntary bankruptcy the same day.
Fields and certain of its subsidiaries filed voluntary bankruptcy petitions under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.
Leading up to the voluntary bankruptcy of the Rangers, the creditors had been steadfast in accepting no less than $300 million.
Their voluntary bankruptcy filing allowed them to reduce debt by more than $700 million, and the company has raised $150 million in cash.
which filed with the Tokyo court for voluntary bankruptcy last Friday.
Lehman Holdings has filed a voluntary bankruptcy petition with the United States Bankruptcy Court for the Southern District of New York.
option=com_content&view=article&id=4393:texas-rangers-voluntarily-go-into-chapter-11-bankruptcy-to-finish-sale-to-greenbergryan-group&catid=70:mlb-club-sales&Itemid=157), Texas Rangers Baseball Partners, the current owners of the Texas Rangers Baseball Club, and Rangers Baseball Express, the local investor group led by team president Nolan Ryan and Chuck Greenberg, filed a petition to move the Rangers into voluntary bankruptcy in an effort to push through the$575 million sale of the Club and its lease of the Rangers Ballpark in Arlington, together with the separate sale of 154 acres of land around the Ballpark.

Full browser ?