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Bankruptcy 1
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Law, Public Safety, Corrections & Security
Business and Bankruptcy terms
By
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.
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