Bankruptcy

Notice of closure attached to the door of a Computer Shop outlet the day after its parent company declared

Failure of John Law's Mississippi Company led to French national bankruptcy in 1720.

Bankruptcy according to Salvation Army, Switzerland.

Bankruptcy is a legal status of a person or other entity that cannot repay the debts it owes to creditors. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.

Bankruptcy is not the only legal status that an insolvent person or other entity may have, and the term bankruptcy is therefore not a synonym for insolvency. In some countries, including the United Kingdom, bankruptcy is limited to individuals, and other forms of insolvency proceedings (such as liquidation and administration) are applied to companies. In the United States, bankruptcy is applied more broadly to formal insolvency proceedings. In France, the cognate French word banqueroute is used solely for cases of fraudulent bankruptcy, whereas the term faillite (cognate of "failure") is used for bankruptcy in accordance with the law.

单词	Bankruptcy Law
释义	Bankruptcy Law 原声例句经济学人（汇总） The aim of bankruptcy law is to give people relief from unpayable debts. 破产法旨在帮助人们减轻无法偿还的债务。 TED演讲（视频版）双语精选 More actively, bankruptcy law offers debtors, under some conditions, the chance to start anew. 更主动的是破产法，在某些条件下会给负债人一个重新开始的机会。经济学人（汇总） Messrs Dobbie and Song argue that easier bankruptcy laws have good microeconomic effects. 多比先生和宋先生辩解道，破产法越简单，其产生的微观经济效应越好。英语百科 Bankruptcy Bankruptcy is a legal status of a person or other entity that cannot repay the debts it owes to creditors. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankruptcy is not the only legal status that an insolvent person or other entity may have, and the term bankruptcy is therefore not a synonym for insolvency. In some countries, including the United Kingdom, bankruptcy is limited to individuals, and other forms of insolvency proceedings (such as liquidation and administration) are applied to companies. In the United States, bankruptcy is applied more broadly to formal insolvency proceedings. In France, the cognate French word banqueroute is used solely for cases of fraudulent bankruptcy, whereas the term faillite (cognate of "failure") is used for bankruptcy in accordance with the law.
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Bankruptcy Law

Bankruptcy