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Concept information

Preferred term

ethical issues in bankruptcy  

Definition

  • Bankruptcy occurs when an individual or a corporation that has insufficient assets to pay all debt obligations is subject to laws that provide some protection from creditors and permit an orderly distribution of assets to satisfy creditors' claims. There are two broad kinds of bankruptcy. [Source: Encyclopedia of Business Ethics and Society; Bankruptcy, Ethical Issues in]

Broader concept

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URI

http://data.loterre.fr/ark:/67375/N9J-SX1L9HLQ-Q

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