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单词 bankruptcy protection
释义
bankruptcy protection
noun[U]
uk
us
(alsobankruptcy-law protection)
LAW,FINANCE
lawsthatlimittheamountofmoneyabankruptcompany(= one thatowesmoremoneythan it canpay)mustpayto those itowesmoneyto:
Thefirmfiledforbankruptcyprotectionafter amassiveaccountingscandal.
We havefiledforbankruptcyprotectionfromcreditors.
It's the secondtimethecompanyhassoughtbankruptcyprotectionin 25months.
The Chicago-basedbusiness, alreadyforcedintoChapter11bankruptcyprotection, said that acompletecollapseis now a "distinctpossibility".
See also
Chapter 11
(Definition ofbankruptcy protectionfrom theCambridge Business English Dictionary© Cambridge University Press)

Examplesofbankruptcy protection

bankruptcy protection
For this reason, the nominee trust is not a debtor-person for bankruptcy purposes and therefore can not obtainbankruptcyprotectionlike it were a corporation.
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Without thebankruptcyprotectionof the automatic stay creditors might race to the courthouse to improve their positions against a debtor.
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Some businesses save themselves through bankruptcy orbankruptcyprotection, thereby allowing themselves to restructure.
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It later closed its doors and soughtbankruptcyprotection.
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The company filed forbankruptcyprotectionand all future events were canceled.
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National and local advertising revenues have fallen drastically, causing many media companies nationwide to fold or seekbankruptcyprotection.
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The company was beset with manufacturing problems resulting from environmental issues which in 1992 resulted in them filing forbankruptcyprotection.
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Thebankruptcyprotectionwas done concurrently with an effort to rebrand and remodel the chain.
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In that year at least 27 major telecommunications companies, (i.e., with $100 million of liabilities or greater) filed forbankruptcyprotection.
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He also advocated federal legislation to changebankruptcyprotectionso that individuals' retirement is safe and secure.
From
Wikipedia
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These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
#https://dictionary.cambridge.org//dictionary/english/bankruptcy-protection##
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更新时间：2025/2/5 16:47:54