bankruptcy notice
noun[C]
ukusLAW,FINANCE
a writtenstatementthat apersonorcompanyhasdeclaredbankruptcy(=owesmoremoneythan they canpay)and that issentto anyone to whom theyowemoney:
With goodproceduresinplace,creditorsshouldreceiveimportantbankruptcynoticesintimetoprotecttheirrights.