Noun

Singular bankruptcy

Plural bankruptcies

bankruptcy (plural bankruptcies)

  1. A legally declared inability of an individual or organisation to pay creditors.

Derived terms

Related terms

From Wiktionary under the GNU Free Documentation License.
Thu Jul 9 08:09:37 2009

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 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).

History

From Wikipedia under the GNU Free Documentation License
Mon Jul 6 10:25:31 2009

How will filing bankruptcy affect my ability to get health insurance?
Q. My financial situation is such that I may need to file bankruptcy. I am starting a new job and as it is a small company I may need to get health insurance on my own instead of through the company and the employer will reimburse me for a portion. I am wondering how filing Chapter 7 Bankruptcy will affect this, if at all. Any assistance would be VERY helpful. Thank you!
Asked by suprstrchic79 - Wed Oct 3 11:40:21 2007 - - 3 Answers - 0 Comments

A. no there is a different criteria on policies like health and life
Answered by Michael M - Wed Oct 3 11:47:25 2007

How long after a bankruptcy is discharged (finalized) does your credit report reflect that?
Q. In other words, my bankruptcy was discharged at the end of March, when will the credit report relect which accounts were thrown out in the bankruptcy? Thanks! DAS: I know that the items stay on the credit report, but they will have a note indicating that the were included in the bankruptcy so that any future creditors can see that the debt is not outstanding.
Asked by ariel_okinawa - Wed Apr 16 18:15:17 2008 - - 7 Answers - 0 Comments

A. usually within 30 days. However, you will want to get a copy of your credit report and make sure. Also, you will need to contact all 3 credit agencies because I can guarantee you that there are things in the bk that will still show delinquent on the report. It is important that you make sure everything says "included in bankruptcy" because it reflects dramatically on your credit score if you do not.
Answered by ardeare - Wed Apr 16 18:21:27 2008

How does a bankruptcy in Ireland affect debts created in the United States?
Q. Some types of debts are not dischargeable in the US such as student loan debts. Some are easily discharged such as credit card debt. How does a bankruptcy in the Rep of Ireland affect foreign debts?
Asked by The Skelly - Fri Feb 1 15:25:55 2008 - - 4 Answers - 0 Comments

A. No effect at all both different countries with no connections in this type of thing at all no country can impose any law in another country if you bankrupt in one country you will still owe money in the other
Answered by confucious says - Fri Feb 1 15:35:08 2008

From Yahoo Answer Search: "bankruptcy"
Mon Jul 13 23:29:37 2009

KOIN, KBNZ owner to file bankruptcy - Bizjournals.com
news.google.com
KOIN, KBNZ owner to file bankruptcy

Bizjournals.com

The owner of Portland's channel 6 KOIN TV station will enter Chapter 11 bankruptcy proceedings in Delaware this week, under a financial restructuring plan ...

KOIN-TV Owner Files For Bankruptcy OPB News

KSN parent company to file for bankruptcy Kansas.com

New Vision Television Receives Court Approval of All First-Day ... PR Newswire (press release)

KBND  - Bizjournals.com  - PR Newswire (press release)

all 28 news articles »
Ford Opposes Bonus Plan at Visteon - Wall Street Journal
news.google.com
Ford Opposes Bonus Plan at Visteon

Wall Street Journal

Ford Motor Co. has objected to the $80.1 million bonus package proposed in bankruptcy filings by its key auto-parts supplier, Visteon Corp. ...

Ford, GM object to Visteon's $80 million bonus plan Reuters

Objections grow to Visteon's proposed employee incentive program Crain's Detroit Business

Business briefs The Detroit News

Automotive News  - Bankruptcy Law 360 (subscription)

all 28 news articles »
Pine Hills councilman owes more than $12000 in back taxes - Albany Times Union
news.google.com
Pine Hills councilman owes more than $12000 in back taxes

Albany Times Union

Quintessence, a silver art-deco diner owned by Scalzo for more than two decades, was in bankruptcy protection before closing at the end of December 2004. ...



and more »

From Google News Search: "bankruptcy"
Wed Jul 15 15:25:06 2009

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tomscottlaw.com
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Bush signs bankruptcy law AFP Wed Apr 20th 2005 at 6 42 pm et washington afp us president George W Bush signed into law a measure that makes it tougher for Americans to get out of debt by filing for personal bankruptcy Bankruptcy should

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From Yahoo Image Search: "bankruptcy"
Sun Jul 12 11:54:06 2009

 Bankruptcy Lawyer Cost: Why You Need To Pay A Lawyer To Represent ...
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Bankruptcy Lawyer Cost: Why You Need To Pay A Lawyer To Represent ...

pressemeldungen.at

Mon, 13 Jul 2009 23:19:26 GM

Bankruptcy. Lawyer Cost: Why You Need To Pay A Lawyer To Represent You Are you way behind your mortga.

Parts maker J.L. French files for bankruptcy | Market Mix Up
marketmixup.com
Parts maker J.L. French files for bankruptcy | Market Mix Up

admin

ue, 14 Jul 2009 07:16:02 GM

By jewel gopwani free press business writer july 13, 2009 In another example of how the auto industry's sales drop-off has financially crippled auto.

New GM out of bankruptcy in quick time | GlobalMotors.net
globalmotors.net
New GM out of bankruptcy in quick time | GlobalMotors.net

Robert Adams

ue, 14 Jul 2009 11:33:59 GM

GM has come back into the reckoning with . bankruptcy. behind it. The new GM has got cleared of its massive burden of debt and is now looking to a brighter and better future. However, GM still has to face a depressed auto market and clear ...

From Google Blog Search: "bankruptcy"
Tue Jul 14 15:41:25 2009