Changes

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]]