Bankruptcy: Difference between revisions
Jump to navigation
Jump to search
(Created page with "{{Learning concept |Description=A legal proceeding for liquidating or reorganizing a business. |Wikipedia reference=http://en.wikipedia.org/wiki/Bankruptcy }}") |
No edit summary |
||
| Line 1: | Line 1: | ||
{{Learning concept | {{Learning concept | ||
|Description=A legal proceeding for liquidating or reorganizing a business. | |Description=A legal proceeding for liquidating or reorganizing a business. | ||
It is a legal status in which the financial affairs of an illiquid business (or individual) are managed, in large part, by the relevant court. | |||
|Wikipedia reference=http://en.wikipedia.org/wiki/Bankruptcy | |Wikipedia reference=http://en.wikipedia.org/wiki/Bankruptcy | ||
}} | }} | ||
Latest revision as of 22:46, 19 January 2014
Description
A legal proceeding for liquidating or reorganizing a business.
It is a legal status in which the financial affairs of an illiquid business (or individual) are managed, in large part, by the relevant court.
Concept Prerequisite
Wikipedia Reference
http://en.wikipedia.org/wiki/Bankruptcy
Learning Material
Covered in Topic(s)
| Financial Leverage and Capital Structure Policy |
| Liabilities |