bankruptcy
A proceeding in a federal court in which an insolvent debtor's assets are liquidated and the debtor is relieved of further liability. Chapter 7 of the Bankruptcy Reform Act deals with liquidation, while Chapter 11 deals with reorganization.
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credit derivative (CD)
fraudulent trading
order of discharge
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catastrophic loss
statement of affairs
Chapter 13
sui juris
continuity of life doctrine
unsecured creditor
winding up
credit event
workout arrangement
deed of arrangement
disqualification order
fractional reserve system (FRS)
non-dischargeable debt
official receiver
act of bankruptcy
protective trust
pyramiding
asset deficiency
automatic stay
fraudulent trading
order of discharge
Standard & Poor's Ratings
catastrophic loss
statement of affairs
Chapter 13
sui juris
continuity of life doctrine
unsecured creditor
winding up
credit event
workout arrangement
deed of arrangement
disqualification order
fractional reserve system (FRS)
non-dischargeable debt
official receiver
act of bankruptcy
protective trust
pyramiding
asset deficiency
automatic stay
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