Concept selected: Bankruptcy proceedings
- Definition
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This is the situation dictated by a judge, and at which a company arrives when it is unable to pay its debts, whether temporarily or irreversibly. In these proceedings, the objective is to satisfy the company debts to the creditors thereof, in an orderly and fair way.
- Source
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Surveys Mercantile Companies and Bankruptcy Proceedings
- Topic
- Statistical operations (links to the Inventory of Statistical Operations)
- Concepts associated