A/R Finance & Factoring Terms GLossary
What isBankruptcy
Bankruptcy is a legal process for individuals, companies or other entities that are not able to pay their outstanding debt to creditors. Bankruptcy can offer reprieve of some or all of the debt. Bankruptcy filings in the United States fall under one of several chapters of the Bankruptcy Code: Chapter 7, which involves liquidation of assets; Chapter 11, which deals with company or individual reorganizations and Chapter 13, which is debt repayment with debt covenants or payment plans.
Audio Definition/Pronunciation
OTHER TERMS BEGINNING WITH "B"
- B2B, B2C & B2G Sales
- Bad Credit Business Loans
- Balance Sheet
- Balloon Loan
- Bill & Hold
- Bill of Lading
- Blind Shipment
- Bookkeeping
- Bootstrapping
- Borrowing Base
- Break-Even Point
- Bridge Loans
- Burn Rate
- Business Acquisition
- Business Credit Protection
- Business Credit Report
- Business Credit Score
- Business Line of Credit Requirements
- Business Loan