Bankruptcy

Business / Human Resources (HR) / Bankruptcy: A federal law consisting of different chapters (i.e. chapter 7, chapter 11 or chapter 13) that allows individuals and businesses that are experiencing extreme financial duress and are unable to meet their financial obligations to eliminate or restructure their debts.

Bankruptcy View

Business / Finance / Bankruptcy View: The argument that expected bankruptcy costs preclude firms from financing entirely with debt. MORE

Bankruptcy Cost View

Business / Finance / Bankruptcy Cost View: The argument that expected indirect and direct bankruptcy costs offset the other benefits from leverage so that the optimal amount of leverage is less than 100% debt financing. MORE

Prepackaged Bankruptcy

Business / Finance / Prepackaged Bankruptcy: A bankruptcy in which a debtor and its creditors pre-negotiate a plan of reorganization and then file it along with the bankruptcy petition. MORE

Trustee In Bankruptcy

Business / Debt / Trustee In Bankruptcy: One appointed by a bankruptcy court, and in whom the property of the bankrupt vests. The trustee holds the property in trust, not for the bankrupt, but for the creditors. MORE

Voluntary Bankruptcy

Business / Finance / Voluntary Bankruptcy: Arrangement allowing shareholders of a mutual fund to purchase shares over a period of time on a regular basis, and in so doing take advantage of dollar cost averaging. MORE

Legal Bankruptcy

Business / Finance / Legal Bankruptcy: A legal proceeding for liquidating or reorganizing a business. MORE

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