bankruptcy

bankruptcy
I
(Roget's IV) n.
Syn. insolvency, failure, financial loss or ruin, nonpayment, defaulting, repudiation, overdraft, defalcation, liquidation, chapter 11, economic death, pauperism, destitution, indigence, privation, distress, straitened circumstances, beggary, impecuniosity, ruin, ruination, going to the wall*.
Ant. solvency, prosperity*, soundness.
II
(Roget's 3 Superthesaurus) n.
insolvency. see bankrupt
III
(Roget's Thesaurus II) noun The condition of being financially insolvent: bust, failure, insolvency. See MONEY.

English dictionary for students. 2013.

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  • Bankruptcy Reform Act of 1978 — the first substantive bankruptcy code revision since the Chandler Act of 1938. It took effect on October 1, 1979 and some of the major elements of this act were as follows: upgrading the jurisdiction of the U.S. bankruptcy courts to deal with… …   Glossary of Bankruptcy

  • Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 — Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005 This legislation primarily affects consumer filings, making it more difficult for a person or estate to file for Chapter 7 bankruptcy. The BAPCPA impacts business filers as… …   Glossary of Bankruptcy

  • Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005 — This legislation primarily affects consumer filings, making it more difficult for a person or estate to file for Chapter 7 bankruptcy. The BAPCPA impacts business filers as well with the heaviest impact on smaller (those listing less than $2… …   Glossary of Bankruptcy

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