Bankruptcy 1
Business and Bankruptcy terms
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Topics of this game:
- Company that cannot pay its debts.
- Special court, rules that it is insolvent.
- The court orders the individual to follow reorganization.
- Companies seek protection, and the court declares a firm bankrupt.
- Process of insolvency.
- Owe money by another company.
- Guaranteed loans by specific asset.
- No guarantee and only receive a share of what is left.
- Own bounds, or debt certificates.
- Sums of money owed by a bankrupt company.
- Day-to-day activities during Bankruptcy.
- Insolvent companies that cease doing business.
- Broken up companies have to sell their assets.
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