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.
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economy is poised for a nearly 3% increase this year, according to Atradius, and corporate bankruptcies dropped 4% in 2017.
The landmark legislation, passed by the UAE cabinet in July 2015 but not yet enforced, is expected to decriminalise bounced cheques and facilitate 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.
The number of corporate bankruptcies in Japan fell 10.9 percent from a year earlier to 5,620 in the first six months of this year, hitting the lowest level in 22 years for a first half-year period, a credit research agency said Monday.
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.com
M2 EQUITYBITES-March 8, 2011--Sweden corporate bankruptcies grow in Feb 2011(C)2011 M2 COMMUNICATIONS http://www.m2.com
(ADPnews) - Nov 2, 2010 - The number of corporate bankruptcies in Belgium rose 6.8% year-on-year to 905 in October, research agency Graydon Belgium said today.
(ADPnews) - Jun 25, 2010 - The number of corporate bankruptcies in Austria in the first half of 2010 fell by 7.5% in annual terms to 3,212, contrary to the expected rise, creditor protection union KSV1870 said on Thursday.
It is believed that corporate bankruptcies in the country have climbed by 7.4% because of the credit crisis.

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