corporate bankruptcy
Company declares insolvency
Corporate bankruptcy is a legal process through which a company unable to pay its debts seeks protection from creditors or liquidates its assets.
In the U.S., Chapter 11 allows businesses to reorganize and continue operating while restructuring debt; Chapter 7 means shutting down and selling off assets to pay creditors.
The airline emerged from corporate bankruptcy after renegotiating union contracts.
- creditorsThose owed payment
- insolvencyInability to pay debts
- going underFailing or submerging
- fileStored collection of data
- liquidationSelling assets for cash
shareholders · golden parachute · employees · pension crisis · bondholders · suppliers · debt restructuring · customers · exit · Chapter 7 · debt forgiveness · financial distress · last resort · fiduciary duty · Chapter 11 · auditors · turnaround strategy · fire sale
corporate bankruptcyfinancial health
State of monetary stability
profitability · going concern · financial stability · creditworthiness · liquidity
corporate bankruptcymarket dominance
Control over a sector
IPO · business growth · acquisition · going public · startup launch
corporate, corporation, corporations, corporately, corporatism, corporatist, incorporate, incorporated, incorporating