CHINA> Backgrounder
|
CHINA> Backgrounder
|
|
What is bankruptcy?
(wikipedia.org)
Updated: 2008-09-22 10:06 Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. Creditors may file a bankruptcy petition against a debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed. In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the bankrupt individual or organization).
|
富锦市| 万荣县| 旺苍县| 京山县| 肇州县| 工布江达县| 桃园市| 济阳县| 乌什县| 长泰县| 玛沁县| 滨海县| 内江市| 宽甸| 荣成市| 平罗县| 砀山县| 双柏县| 锡林郭勒盟| 巫溪县| 奎屯市| 东海县| 汝州市| 镇巴县| 邯郸县| 乌拉特后旗| 县级市| 皮山县| 天镇县| 新巴尔虎右旗| 清新县| 贞丰县| 禄丰县| 永寿县| 邢台县| 曲阳县| 津南区| 临城县| 深水埗区| 平顺县| 城步|
