Corporate Bankruptcy

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Corporate Bankruptcy

The legal process by which a company or other business declares that it is unable to pay its debts and requires relief. In the United States, there are two kinds of corporate bankruptcy. Chapter 7 provides for liquidation of a business and the discharge of debts. Chapter 11 allows corporations to continue operations after reorganization and forgives debts that companies cannot repay.
References in periodicals archive ?
According to a blog post by Daniel Sussman, president of political risk and trade credit at Ironshore, the factors that seem to be driving this shift are: banks' desire to monetize receivables, distressed retail markets and corporate bankruptcies.
SeeNews) - Feb 4, 2014 - Corporate bankruptcies in Belgium totalled 1,075 in January 2014, more than 4% down from the same period a year earlier, figures of research agency Graydon showed Tuesday.
In June alone, the number of corporate bankruptcies declined 8.
The number of Korean corporate bankruptcies rose in October amid a protracted economic slump after hitting a nine-month low the previous month, the central bank said Monday.
She was a bankruptcy lawyer before she was a judge, and knows that a 24/7 work schedule is business as usual for large corporate bankruptcies.
Unofficial 2012 presidential hopefully Donald Trump just encountered his first personal challenge: questions regarding his string of corporate bankruptcies.
NORDIC BUSINESS REPORT-March 8, 2011--Sweden corporate bankruptcies grow in Feb 2011(C)2011 M2 COMMUNICATIONS http://www.
M2 EQUITYBITES-March 8, 2011--Sweden corporate bankruptcies grow in Feb 2011(C)2011 M2 COMMUNICATIONS http://www.
ADPnews) - Nov 2, 2010 - The number of corporate bankruptcies in Belgium rose 6.
It is believed that corporate bankruptcies in the country have climbed by 7.
NEW YORK-Choppy waters may lay ahead for retailers, as corporate bankruptcies could jump in the coming year.
Japan FY 2003 corporate bankruptcies fall 16%, down for 2nd yr

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