Bankrupt

Definition:

A debtor that, upon voluntary petition or one invoked by the debtor's creditors, is judged legally insolvent. The debtor's remaining property is then administered for the creditors or is distributed among them.

Related terms:

Franchised position

Useful articles:

»	Soul-Searching
»	Sales Cycles
»	Discovering Profitable Niche Markets
»	Exposing Your Expertise

Credit Grade

Different lenders may grade you somewhat higher or lower, depending on their requirements

Portfolio

This calculator is a guide to help you design investment portfolios for five different levels of risk

Loan reduction

It will help you work out how quickly you can pay off a loan if you increase your monthly repayments

Browse by categories

Accounting	Advertising	Banking
Bankruptcy	E-Commerce	Economics
Finance	Law	Investment
Insurance	Marketing	Real estate
Statistic	Trade	Purchasing

Featured Articles:

Business & Financial

Start Your Own Personal Shopper Business

A personal shopper business can be run online, offline or a combination of both. If you love shopping this might be perfect for you.

*What is a Personal Shopper Business?*
... [ more... ]

E-commerce

Buyers Drive The Process Online But The Lowest Price Isn't All They Want

Online buyers' ability to comparison shop -- aided by a vast array of shopping bots -- has turned traditional retailing on its head. But are low prices all customers want? No way!

Some... [ more... ]

E-commerce

Effective methods of doing business online!

With all these dot com failures so rampant, you may question, is it still viable to consider an online venture? The truth is: while spectacular rise and fall of many dot com companies have been ove... [ more... ]

Term: Banking -> Bankrupt