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bankruptcy

Overview page. Subjects: Law.

N.

The state of a person who has been adjudged by a court to be insolvent. The court orders the compulsory administration of a bankrupt's affairs so that his assets can be fairly...

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Bankruptcy Law

Overview page. Subjects: Financial Institutions and Services.

Bankruptcy proceedings are started by a petition, which may be presented to the court by (1) a creditor or creditors; (2) a person affected by a voluntary arrangement to pay debts set up by...

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bargain purchase

Overview page. Subjects: Accounting.

The purchase of assets or other goods for substantially less than the fair market value. A bargain purchase can be made when the vendor is in liquidation or is otherwise financially...

See overview in Oxford Index