Terms with Tag Bankruptcy
- Bad Debt — Definition,
- Money that cannot be collected is considered bad debt. Businesses can deduct bad debts under certain circumstances. If a bad debt is personal, it can also be deducted in some instances as a short-term capital loss.
- Bankruptcy (BK) — Acronym, Important,
- A court action under the Federal Bankruptcy Code by which a debtor's debts may be discharged, usually by transferring assets to a trustee, or rescheduled.
- Bankruptcy and Insolvency Act (BIA) — Acronym, Canada,
- A Canadian Act respecting bankruptcy and insolvency.
- Bankruptcy Chapter 11 (BK11) — Acronym, ➥ A US bankruptcy term.
- Bankruptcy Chapter 13 (BK13) — Acronym, United States, ➥ A US bankruptcy term.
- Bankruptcy Chapter 7 (BK7) — Acronym, United States, ➥ A US bankruptcy term.
- Bankruptcy Trustee — Definition,
- A private individual or corporation appointed to undertake bankruptcy proceedings for a individual or corporation.
- Business Bankruptcy — Definition,
- A bankruptcy case in which the debtor is a business or an individual involved in business and the debts are for business purposes.
- Collateralized Debt Obligation (CDO) — Acronym,
- Collection — Definition,
- The efforts used to bring an overdue mortgage, or other debt current, and the filing of necessary notices to proceed with foreclosure when necessary.
- Companies' Creditors Arrangement Act (CCAA) — Acronym, Canada, Important,
- A Canadian Act to facilitate compromises and arrangements between companies and their creditors to avoid bankruptcy, foreclosure, seizure of assets or employee job loss.
➥ Available to insolvent corporations owing in excess of $5 million. - Consumer Bankruptcy — Definition,
- A bankruptcy case filed to reduce or eliminate debts that are primarily consumer debts.
- Consumer Debt — Definition,
- Debts incurred for personal, as opposed to business, needs.
- Debt — Definition,
- Money one person or firm owes to another person or firm.
- Debt and Debt-Service Reduction (DDSR) — Acronym,
- Debt Consolidation — Definition,
- The replacement of multiple loans with a single loan, often with a lower monthly payment and a longer repayment period. It's also called a consolidation loan. CanEquity has access to Canada's best debt consolidation products, for more info about debt consolidation see our debt consolidation page.
- Debt Issues — Definition,
- The issuance of bonds or other forms of debt on the public markets.
- Farm Debt Mediation Service (FDMS) — Company, Canada,
- Non-dischargeable Debt — Definition,
- Debt that cannot be eliminated in bankruptcy such as Federal taxes.
- Notice of Foreclosure Sale (NFS) — Acronym, Important,
- Trustee Sale Guarantee (TSG) — Acronym,
