Glossary of Bankruptcy

BANKRUPTCY

bankruptcy: translation

bankruptcy
also failure and insolvency a legal procedure for dealing with debt problems of individuals and business. A non-technical term for a legal state of insolvency (Glossary of Common Bankruptcy Terms)

A legal procedure for dealing with debt problems of individuals and businesses; specifically, a case filed under one of the chapters of title 11 of the United States Code (the Bankruptcy Code). (BankruptcyAction.com)

The state of being bankrupt. (Dictionary of Canadian Bankruptcy Terms)

(see also failure and insolvency)
a non-technical term for a legal state of insolvency. (Common Bankruptcy Terms)

To put it in simple terms Bankruptcy refers to when a person or more often a business can no longer turn a profit and basically has no capital (money) flowing to pay suppliers or run the company. They have no cash left. This usually coincides with lots of debt and unpaid loans, which were used in hope of salvaging the business but just escalated its financial problems.
Bankruptcy can occur for many reasons and from big corporations to small sole traders.It can be because of general poor management, a downturn in the economy, bad expansions, fraud & other legal issues as well as putting all their faith in one product, which eventually becomes unpopular or irrelevant due to technological advancements.
If a business gets itself in this position they will go in to what is known as "liquidation" where their assets are frozen and used to make the business liquid again (in other words get the cash flowing again). Usually a court will instigate this in order to help the business pay off their debts. For example if a restaurant went bankrupt they may sell all of their tables, chairs and cooking appliances to cover the costs owed to their suppliers.
Somebody may declare themselves bankrupt because they see no way out or a supplier may take them to court in order to force them in to bankruptcy because they haven't paid their bills. Unfortunately the creditors may only get a percentage of what is owed to them depending on how much money can be realistically raised during the liquidation process.
After filing for bankruptcy you get a big black mark beside your name, making it considerably hard to obtain any kind of loan or partake in financial deals. Although the records will eventually be wiped it can cause issues for a number of years as lenders and other businesses will be reluctant and wary of working with you.
Although some people see bankruptcy as a way to make money even if they are not actually bankrupt this is considered fraud and a crime. It is also fraudulent to hide assets and withhold certain information during the liquidation process. Registering with false information is also often classed as perjury another serious crime. (Financial Dictionary)

United Glossary of Bankruptcy Terms2012.


  1. bankruptcy—bankruptcy translation nounADJECTIVE consumer personal corporate intellectual moral VERB BANKRUPTCY face Small travel operators are facing bankruptcy avoid c...Collocations dictionary
  2. bankruptcy—bankruptcy bersetzung . Insolvenz f Zahlungsunfhigkeit f . Bankrott m...Englisch-Deutsch Worterbuch gesetz
  3. bankruptcy—bankruptcy translation Inability to pay debts. In bankruptcy of a publicly owned entity the ownership of the firms assets is transferred from the stockholders to the bond...Financial and business terms
  4. bankruptcy—Bankruptcy translation State of being unable to pay debts. Thus the ownership of the firms assets is transferred from the stockholders to the bondholders. The New York Ti...Financial and business terms
  5. bankruptcy—Bankruptcy translationA legal proceeding involving a person or business that is unable to repay outstanding debts. The bankruptcy process begins with a petition filed by ...Investment dictionary
  6. bankruptcy—bankruptcy translationSynonyms and related wordsbouncing check breakage breakdown bust collapse crackup crash crippling damage defeat destruction detriment dilapidation d...Moby Thesaurus
  7. bankruptcy—[bkrpts]банкротство несостоятельность...Англо-русский большой универсальный переводческий словарь
  8. bankruptcy—n банкротство крах несостоятельносто несостоятельность провал финансовое банкротство экономический провал...Англо-русский словарь Лингвистика-98
  9. bankruptcy—bankruptcy [bkrpts] nu банкротство несостоятельностьcourt of bankruptcy отдел по делам о несостоятельности...Англо-русский словарь Мюллера
  10. bankruptcy—сущ. банкротство несостоятельность voluntary bankruptcy амер. добровольное банкротство court of bankruptcy отдел по делам о несостоятельности declare bankruptcy go into...Англо-русский словарь общей лексики
  11. bankruptcy—банкротство несостоятельность...Англо-русский словарь по патентам и товарным знакам
  12. bankruptcy—nбанкротство несостоятельность. банкротство несостоятельность....Англо-русский словарь по социологии
  13. bankruptcy—Банкротство несостоятельность close to bankruptcy...Англо-русский словарь по экономике
  14. bankruptcy—nбанкротство несостоятельностьto force a firm into bankruptcy сделать фирму банкротом bankruptcy of a firm on the brink of bankruptcy on the verge of bankruptcy politica...Англо-русский словарь политической терминологии
  15. bankruptcy—n. банкротство несостоятельность...Англо-русский словарь редакция bed
  16. bankruptcy—банкротство...Англо-русский словарь страховых терминов
  17. bankruptcy—сущ. эк. юр. банкротство несостоятельность состояние невозможности выполнить обязательства подтвержденное судомem adjudication of bankruptcy судебное объявление банкрото...Англо-русский экономический словарь
  18. bankruptcy—банкротство несостоятельность fraudulent bankruptcy involuntary bankruptcy voluntary bankruptcy...Англо-русский юридический словарь
  19. bankruptcy—nбанкрутство неспроможнсть тж перен. court of bankruptcy...Англо-украинский словарь
  20. bankruptcy—банкрутство неплатоспроможнсть фнансова неспроможнсть bankruptcy act bankruptcy law bankruptcy assets bankruptcy case bankruptcy code bankruptcy commissioner bankruptcy ...Англо-украинский юридический словарь
  21. bankruptcy—банкрутство неспроможнсть...Англо-український словник
  22. bankruptcy—n банкрутство неспроможнсть тж перен. court of суд у справах неспроможност крах провал....Англо-український словник Балла М.І.
  23. bankruptcy—юр. фн. . банкрутство . платжна неспроможнсть неспроможнсть . визнана судом неспроможнсть окремо особи сплатити сво борги два види банкрутства добровльне voluntary bank...Англо-український тлумачний словник економічної лексики
  24. bankruptcy—банкрутство неплатоспроможнсть фнансова неспроможнсть bankruptcy actbankruptcy lawbankruptcy assetsbankruptcy casebankruptcy codebankruptcy commissionerbankruptcy courtba...Англо-український юридичний словник
  25. bankruptcy—сущ. юр. торг. банкротство асостояние неплатежеспособности невозможности выполнить обязательства которое определяется судом б ситуация в которой долг фирмы превосходит р...Новый англо-русский толковый словарь по маркетингу и торговле
  26. bankruptcy—[bkrpts] n фин. юр. банкротство несостоятельностьbankruptcy law закон о несостоятельностиfraudulent bankruptcy злостное банкротствоcourt of bankruptcy суд по делам о н...Новый большой англо-русский словарь
  27. bankruptcy—bankruptcy [bkrpts] ni фин. юр. iбанкротство несостоятельность law закон о несостоятельности fraudulent злостное банкротство court of суд по делам о несостоятельно...Новый большой англо-русский словарь II
  28. bankruptcy—bkrpts n фин. юр. emбанкротство несостоятельность law закон о несостоятельности fraudulent злостное банкротство court of суд по делам о несостоятельности крах...Новый большой англо-русский словарь под общим руководством акад. Ю.Д. Апресяна
  29. bankruptcy—Состояние когда человек не может заплатить свои долги и суд вынес в отношении его решение о банкротстве bankruptcy order. Это решение лишает банкрота его имущества которо...Финансы - оксфордский толковый словарь