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Business bankruptcy (view source)
Revision as of 21:44, September 25, 2011
, 21:44, September 25, 2011Reverted edits by SammanS (talk) to last revision by EdBot
[[File:http://m.pimpmyspace.org/pimp/1/05/057b150cd21b76516e77.jpg|thumb|float|left|alt=Stop Posting Propaganda]]
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]]