bankruptcy
An individual, business, or corporate declaration of insolvency under the provisions of the U.S. Bankruptcy code. The various chapters within the bankruptcy code spell out the protections afforded to qualifying debtors. federal courts have sole jurisdiction over bankruptcy proceedings. As with other bankruptcy filings, a corporation can choose to liquidate its assets and use the proceeds to pay its creditors or to reorganize and continue to do business. In some instances under a reorganization, some of the corporation's debt may be forgiven. The reorganization will be overseen by a court trustee until the company emerges from bankruptcy.
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Chapter 13
material information
discharge
Bailout
junior note
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false market
cut down on
cash budget
basis of accounting
equity linked note