Bankruptcy Evaluation
Definitions
- (n.) A formal assessment conducted to determine the financial condition of an individual or entity, and the feasibility and implications of filing for bankruptcy relief.
The bankruptcy evaluation revealed the debtor's inability to meet outstanding obligations.
Forms
- bankruptcy evaluation
- bankruptcy evaluations
Related terms
See also
Commentary
In drafting, clarify whether the evaluation focuses on eligibility for bankruptcy or on asset/liability analysis to avoid ambiguity.
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.