Bankruptcy

related topics
{law, state, case}
{company, market, business}
{son, year, death}
{rate, high, increase}
{group, member, jewish}
{god, call, give}
{car, race, vehicle}
{school, student, university}
{woman, child, man}
{black, white, people}

Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. Creditors may file a bankruptcy petition against a business or corporate debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed or initiate a restructuring. In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the insolvent individual or organization). An involuntary bankruptcy petition may not be filed against an individual consumer debtor who is not engaged in business.

Contents

Full article ▸

related documents
U.S. Securities and Exchange Commission
Board of directors
Product liability
Sherman Antitrust Act
Labour law
North American Free Trade Agreement
Trade secret
United States Microsoft antitrust case
Corporate personhood debate
Bhopal disaster
James Randi Educational Foundation
Racketeer Influenced and Corrupt Organizations Act
Precedent
Victimless crime
Personal jurisdiction (United States)
M'Naghten Rules
Statute of limitations
Sixth Amendment to the United States Constitution
Grand jury
Frivolous litigation
Eldred v. Ashcroft
Theft
Clarence Thomas
Diplomatic immunity
International Criminal Court
Article Four of the United States Constitution
Coroner
Federal Communications Commission
Property law
Kenneth Starr