1,193
edits
Changes
Jump to navigation
Jump to search
Line 1:
Line 1: − +
no edit summary
A business bankruptcy occurs when a business cannot satisfy its obligations and [[liabilities]] and seeks court protection against collection by its [[creditor]]s. It is a proceeding under the Bankruptcy Code filed by a business entity. [[category:legal terms]]
A '''business bankruptcy''' occurs when a business cannot satisfy its obligations and [[liabilities]] and seeks court protection against collection by its [[creditor]]s. It is a proceeding under the Bankruptcy Code filed by a business entity. [[category:legal terms]]