Bankruptcies
Definitions
- (n.) Plural of bankruptcy, referring to multiple legal proceedings in which individuals or entities are declared insolvent and subject to court-administered debt resolution.
The company filed for bankruptcies in several jurisdictions to manage its debts.
Forms
- bankruptcy
Related terms
See also
Commentary
As a plural noun, 'bankruptcies' does not have a distinct legal meaning from 'bankruptcy' but refers to multiple instances thereof.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.