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Business bankruptcy
Business bankruptcyA proceeding under the Bankruptcy Code filed by a business entity. RELATED TERMS-------------------------------------- Proceeding In its general acceptation, this word means the form in which actions are to be brought and defended, the manner of intervening in suits, of conducting them, the mode of deciding them, of opposing judgments and of executing. Bankruptcy Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. A declared state of bankruptcy can be requested or initiated by the bankrupt individual or organisation, or it can be requested by creditors in an effort to recoup a portion of what they are owed. However, in the overwhelming majority of cases, the bankruptcy is initiated by the "bankrupt" individual or organization. Code Legislation. Signifies in general a collection of laws. It is a name given by way of eminence to a collection of such laws made by the legislature. Entity A person or legally recognized organization. SIMILAR TERMS-------------------------------------- Business and corporate law The area of law dealing with corporate matters and disputes. Business assets The undertaking and assets of an economic entity - as distinct from a company, are known as business assets. It is not a distinct legal person and its components e.g. goodwill, plant, contracts etc. belong to the company or individual which owns them. Where a business is referred to as a going concern it means it carries the benefit of orders, contracts, customers and other aspects of revenue generation on a continuing basis. Business attorney Law professional specialized in business areas and who provides assistance in almost every aspect of a client's business, from zoning information and compliance, copyright and trademark advice to formal business incorporation and lawsuits as well as liability. Business hours The time of the day during which business is transacted. In respect to the time of presentment and demand of bills and notes, business hours generally range through the whole day down to the hours of rest in the evening, except when the paper is payable it a bank or by a banker. Business law A particular area of the legal profession dealing with business legislation and business disputes. Business nonimmigrant An alien coming temporarily to the United States to engage in commercial transactions which do not involve gainful employment in the United States, i.e., engaged in international commerce on behalf of a foreign firm, not employed in the U.S. labor market, and receives no salary from U.S. sources. PREVIOUS AND NEXT TERMS-------------------------------------- Burial The act of interring the dead. Burning Fire, accidental. Burying-ground A place appropriated for depositing the dead; a cemetery. Bushel Measure. The Winchester bushel, was made the standard of grain; a cylindrical vessel, eighteen and a half inches in diameter, and eight inches deep inside, contains a bushel; the capacity is 2145.42 cubic inches. Business assets The undertaking and assets of an economic entity - as distinct from a company, are known as business assets. It is not a distinct legal person and its components e.g. goodwill, plant, contracts etc. belong to the company or individual which owns them. Where a business is referred to as a going concern it means it carries the benefit of orders, contracts, customers and other aspects of revenue generation on a continuing basis. Business bankruptcy Business hours The time of the day during which business is transacted. In respect to the time of presentment and demand of bills and notes, business hours generally range through the whole day down to the hours of rest in the evening, except when the paper is payable it a bank or by a banker. Business nonimmigrant An alien coming temporarily to the United States to engage in commercial transactions which do not involve gainful employment in the United States, i.e., engaged in international commerce on behalf of a foreign firm, not employed in the U.S. labor market, and receives no salary from U.S. sources. Butt A measure of capacity, equal to one hundred and eight gallons. Butts and bounds This phrase is used to express the ends and boundaries of an estate. Buyer Contracts. A purchaser; a vendee. We thank you for using the Juridical Dictionary to search for Business bankruptcy. If you have a better definition for Business bankruptcy than the one presented here, please let us know by making use of the suggest a term option. This definition of Business bankruptcy may be disputed by other professionals. Our attempt is to provide easy definitions on Business bankruptcy and any other medical topic for the public at large.
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