pre-packaged bankruptcy
Noun
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Noun
pre-packaged bankruptcy
- (finance, banking) A filing for bankruptcy by submitting to the court a virtually complete plan designed to avoid a protracted court-guided period of reorganization and debt restructuring.
- pre-pack, quick bankruptcy, surgery, pre-packaged insolvency
This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.002