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Concept information

Terme préférentiel

business bankruptcy  

Définition(s)

  • Business bankruptcy occurs when a commercial organization does not have sufficient readily available funds (capital) to pay its current debts. Further, the business is either unable or unwilling to sell its assets, or to use debt (by borrowing capital) or equity (by selling ownership shares), to pay such obligations. [Source: Encyclopedia of Social Problems; Bankruptcy, Business]

Appartient au groupe

URI

http://data.loterre.fr/ark:/67375/N9J-GGVTCXLL-R

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