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Bankruptcy 1

Business and Bankruptcy terms

Mr.Gonzalez
Created Date 08.01.18
Last Updated 08.01.18
Viewed 12 Times
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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.