voluntary bankruptcy
noun[CorU]
FINANCE,LAWukusasituationin which abusinessor apersonbecomesunabletopaytheirdebts, andasksto be madeofficiallybankrupt:
Thecompanywent into avoluntarybankruptcyinAugust.
Examplesofvoluntary bankruptcy
voluntary bankruptcy
Involuntarybankruptcycases, which account for the overwhelming majority of cases, debtors petition the bankruptcy court.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.She declaredvoluntarybankruptcyin 1933.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Voluntarybankruptcywas not authorized until 1849.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The vast majority of individuals who proceed tovoluntarybankruptcyare consumer debtors who have taken advantage of easy credit during the past 15 years or so.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
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