Bankruptcy

Business / Real Estate / Bankruptcy: A condition of financial insolvency in which a persons liabilities exceed assets and the person is unable to pay current 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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