BNET Business Dictionary
Business Definition for: Bankrupt
- a person or corporation that has been declared by a court of law as unable to meet their financial obligations
Wiktionary Definition for: Bankrupt
- that is formally declared unable to pay its creditors
Additional Resources
- Serial bankrupt imprisoned.
- M2 PRESSWIRE-10 June 2004-UK Government: Serial bankrupt imprisonedC1994-2004 M2 COMMUNICATIONS LTD RDATE:06102004 A serial bankrupt, who refused to stop running companies, has been jailed for six months following a DTI prosecution. Christopher Raymond Traverse, 62, of Streetbrook Road, Shirley,...
- Research articles 2004-06-10
- Bankrupt Firms Three Times As Likely for SEC Probes: Deloitte
- As "bankruptcy" becomes the moniker for late 2008, here's a revealing report by Deloitte Forensic Center. Their conlcusion: firms that file for bankruptcy are up to three times more likely to be probed for wrongdoing by the U.S. Securities & Exchange Commission. Such alleged ill-doing included asset...
- Blog posts 2008-12-03
- Assets Of Bankrupt Companies Are Usually Sold 'As Is, Where Is'
- From the executive summary: ‘There are four words that carry a lot of weight when an individual is thinking about buying the assets of a bankrupt company; as is, where is. The assets of bankrupt companies are almost always sold as is, where is. Anyone who plans to buy and...
- White papers 2002-01-18
- Judge schedules July sale of bankrupt Sycamore Slip. (bankrupt Cleveland marina)
- Judge schedules July sale of bankrupt Sycamore Slip A bankruptcy judge is scheduled to hold a hearing early next month to sell the Sycamore Slip, a Cleveland marina which sank into Chapter 11 bankruptcy status nearly two years ago and twice failed toJudge schedules July...
- Research articles 1988-06-27
- Detroit 3 Fight Bankrupt Rumors, But Credibility Slip is Showing
- Detroit 3 Fight Bankrupt Rumors, But Credibility Slip is ShowingRE: Detroit 3 Fight Bankrupt Rumors, But Credibility Slip is ShowingIssues like this can really bump small automakers downwards as people perceive small automakers less credible than their big counterparts. I just hope everything will be settled for Detroit 3 and...
- Discussion threads 2008-10-21
- Who Will Buy Bankrupt Ethanol Maker Aventine?
- Bankrupt ethanol producer Aventine Renewable Energy is no longer tying up all its effort and hopes into recapitalization. Company leaders obviously aware of the massive hurdles it faces, has put its business up on the public selling block. Will another oil refiner, like Valero Energy, jump into the biz and buy...
- Blog posts 2009-05-28
- Bid for Loral could crimp Ergen rivals.(Satellite)(EchoStar Communications Corp. makes a $1.85 billion play for bankrupt Loral Space & Communications Ltd.)
- EchoStar Communications Corp. made a $1.85 billion play for bankrupt Loral Space & Communications Ltd. last Wednesday, a move some saw as an effort by the direct-broadcast satellite giant to delay construction of at least one bird for rival Dir EchoStar Communications Corp. made...
- Research articles 2003-10-13
- Snack food franchise promoter declared bankrupt.
- Oct 10, 2006 (Food Week - ABIX via COMTEX) -- The Australian Competition & Consumer Commission ACCC has been in successful in its efforts to have Bon Levi declared bankrupt. Levi, who has previously been convicted for fraud, was found in 2005 Oct 10,...
- Research articles 2006-10-10
- The unfriendly skies; Employee retirement benefits in jeopardy at bankrupt UAL Corp.(News)
- Byline: Vineeta Anand and Barry Burr ELK GROVE TOWNSHIP, Ill. - UAL Corp. might be destroying the retirement prospects of thousands of its employee shareholders in an effort to save their jobs. The bankrupt airline's action, which pits federal p Byline:...
- Research articles 2002-12-23
- Marriott International, Bethesda, Maryland, and Los Angeles-based Financial Capital Investment Co. are bidding on the bankrupt Aladdin hotel-casino in Las Vegas. (North America).(Brief Article)
- Marriott International, Bethesda, Maryland, and Los Angeles-based Financial Capital Investment Co. are bidding on the bankrupt Aladdin hotel-casino in Las Vegas. Marriott intends to invest US$25 million in the hotel, giving the ... Marriott International, Bethesda, Maryland, and Los Angeles-based Financial Capital Investment...
- Research articles 2003-07-01
- Enron: Enron goes bankrupt
- ENRON WENT bankrupt in early December, buried in debt, mired in controversy and embroiled in a bitter legal battle with erstwhile merger partner Dynegy.ENRON WENT bankrupt in early December, buried in debt, mired in controversy and embroiled in a bitter legal battle with erstwhile merger partner Dynegy.
- Research articles 2002-01-01
- Time Warner Telecom Completes Deal for Bankrupt GST.(Knight Ridder/Tribune Business News)
- Jan. 11--Time Warner Telecom completed its $690 million purchase of most of the assets of bankrupt GST Telecommunications on Wednesday, giving Time Warner a toehold in 15 Western cities and preserving 340 jobs in Vancouver, Wash. Jan. 11--Time Warner Telecom completed its $690 million...
- Research articles 2001-01-12
- California's Baldwin Co. Puts Bankrupt Homebuilding Unit Up for Sale.(Originated from The Orange County Register, Calif.)
- Feb. 29--Baldwin Co. officially put its bankrupt homebuilding unit up for sale and expects to begin collecting offers for all or part of the company next week, an attorney said Wednesday. Feb. 29--Baldwin Co. officially put its bankrupt homebuilding unit up for sale and expects to...
- Research articles 1996-02-29
- Bankrupt retailers unveil strategies for improving earnings, operations. (Federated Department Stores Inc.; Allied Stores Corp.)
- Bankrupt retailers unveil strategies for improving earnings, operations Federated Department Stores Inc. and Allied Stores Corp. last week outlined strategies they expect to form the cornerstone of their plans for reorganization under Chapter 11 banBankrupt retailers unveil strategies for improving earnings, operations ...
- Research articles 1990-10-08
- Anixter Int'l buys Anicom's assets out of bankruptcy.(Anixter International Inc. buys inventory and assets from bankrupt Anicom Inc.)(Brief Article)
- Anixter International Inc., a distributor of electrical wire and cable, plans to increase its business in metro Detroit with its purchase of inventory and assets from bankrupt competitor Anicom Inc. Anixter did not disclose the value of the deal. B Anixter International Inc., a...
- Research articles 2001-01-29
- Leviev buys bankrupt Canadian polishing plant.(Facets)
- The government of Canada's Northwest Territories has decided to sell the bankrupt Sirius Diamonds polishing plant in the capital, Yellowknife, to Lev Leviev's group of companies, the Canadian Broadcasting Corp, reported. Leviev's firm, Israel's large The government of Canada's Northwest Territories has decided to sell...
- Research articles 2004-11-01
- Bankrupt Enron Still Struggling to Find Truth in Its
- Bankrupt Enron Still Struggling to Find Truth in Its Numbers Bankrupt Enron Still Struggling to Find Truth in Its Numbers
- Research articles 2002-04-24
- FCC case making lenders nervous. (Federal Communications Commission licensing of bankrupt television station company Tak Communications)
- Sharad Tak has been effectively kicked out of bankrupt Tak Communications. That, says a competing applicant for the four Tak TV stations whose licenses are up for renewal, means the company should have no "renewal expectancy." Tak c ...
- Research articles 1993-08-09
- Collins & Aikman financing canceled; Customer loans temporarily prop up bankrupt supplier.
- Byline: Terry Kosdrosky Bankrupt auto supplier Collins & Aikman Corp. is surviving solely on customer loans after its main lending agent pulled out of a financing deal. In an unusual move, a bank group led by J.P. Morgan Chase & Co. ...
- Research articles 2005-07-04
- Bankrupt Enron sues SSCC.(Smurfit-Stone Container Corp.)(Brief Article)
- Bankrupt energy giant Enron, Houston, is suing Smurfit-Stone Container Corp. SSCC, St. Louis, for about $18 million over a collapsed contract. SSCC is one of approximately a dozen companies being sued by Enron, which is trying to get money any wa Bankrupt energy giant...
- Research articles 2003-01-25
