|
Today's Terms
Bankrupt
Definition:
The entity that files a bankruptcy; the debtor; the insolvent entity. This is a non-technical term and is not used in the Bankruptcy Code.
Chapter Twenty Two
Definition:
An unofficial term describing a company that has filed for Chapter 11 twice.
Asset
Definition:
An economic resource or item owned by a business that is expected to benefit its future operations.
More Bankruptcy Terms >
|