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Technical Bankruptcy

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Technical Bankruptcy
The state of a person or company that has defaulted on a liability and lacks the ability to pay it, but has not yet filed for bankruptcy or been declared bankrupt by a court.
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The resolution noted that the technical bankruptcy that PEMEX is experiencing is the result of "omissions and the application of a mistaken strategy" by the Calderon government.
PRESIDENT FELIPE CALDERON, SENATE CLASH OVER ENERGY POLICY by SourceMex Economic News & Analysis on Mexico
During the transition the Russian corporate farms have been generally viewed as highly unprofitable and inefficient, with the majority reporting losses and many in a state of technical bankruptcy (Yastrebova, 2005).
Financial performance and efficiency of corporate farms in northwest ... by Epshtein, David / Comparative Economic Studies
A technical bankruptcy routed Argentina's financial sector.
Top 100 banks: after a stormy 2002, banks look forward to increased ... by Brown, Greg / Latin Trade
 
 
 
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