Bankruptcy
nounverified·updated May 18, 2026
a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
Framework senses
- §1
- a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
- §2
- inability to discharge all your debts as they come due
- §3
- a state of complete lack of some abstract property