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Methods and standards / Concept Glossary / Bankruptcy

Concept selected: Bankruptcy

Definition

Bankruptcy is a legal situation in which that individual or company may find itself when it is unable to pay its debts.

Notes

Bankruptcy may be current or imminent; the latter case occurs when the debtor foresees that s/he will not be able to fulfil her/his obligations regularly and punctually.

Source

Surveys Mercantile Companies and Bankruptcy Proceedings

Topic

Statistical operations

(links to the Inventory of Statistical Operations)

Concepts associated

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