- composition in bankruptcy
- See composition with creditors.
Ballentine's law dictionary. Anderson, W.S.. 1998.
composition in bankruptcy
Look at other dictionaries:
bankruptcy — bank·rupt·cy / baŋ ˌkrəp sē/ n pl cies 1: the quality or state of a bankrupt filed for bankruptcy 2: the administration of an insolvent debtor s property by the court for the benefit of the debtor s creditors the debt was discharged in bankruptcy … Law dictionary
composition — com·po·si·tion n: an agreement between an insolvent debtor and several creditors whereby partial payment of the debts discharges in full the original obligations compare accord, compromise Merriam Webster’s Dictionary of Law. Merriam Webster.… … Law dictionary
composition — @ composition deed An agreement embodying the terms of a composition between a debtor and his creditors @ composition of matter In patent law, a substance composed of two or more different substances, without regard to form. A mixture or chemical … Black's law dictionary
composition — @ composition deed An agreement embodying the terms of a composition between a debtor and his creditors @ composition of matter In patent law, a substance composed of two or more different substances, without regard to form. A mixture or chemical … Black's law dictionary
bankruptcy — /bangk rupt see, reuhp see/, n., pl. bankruptcies. 1. the state of being or becoming bankrupt. 2. utter ruin, failure, depletion, or the like. [1690 1700; BANKRUPT + CY] * * * Status of a debtor who has been declared by judicial process to be… … Universalium
Bankruptcy — Notice of closure attached to the door of a computer store the day after its parent company declared bankruptcy (strictly, put into administration see text) in the United Kingdom. Bankruptcy is a legal status of an insolvent person or an… … Wikipedia
bankruptcy proceedings — General term for the various types of proceedings under the Bankruptcy Code (11 U.S.C.A.) that are initiated either by an insolvent individual or business (termed a voluntary bankruptcy) or by creditors (termed an involuntary bankruptcy) seeking… … Black's law dictionary
bankruptcy proceedings — General term for the various types of proceedings under the Bankruptcy Code (11 U.S.C.A.) that are initiated either by an insolvent individual or business (termed a voluntary bankruptcy) or by creditors (termed an involuntary bankruptcy) seeking… … Black's law dictionary
Bankruptcy Act of 1898 — The Bankruptcy Act of 1898 ( Nelson Act , July 1, 1898, ch. 541, 30 Stat. 544) was the first United States Act of Congress involving Bankruptcy that gave companies an option of being protected from creditors. Previous attempts at… … Wikipedia
composition with creditors — An agreement between an insolvent or embarrassed debtor and two or more of his creditors whereby the creditors, for some consideration, such as an immediate payment, agree to the discharge of their respective claims on the receipt of payment… … Ballentine's law dictionary
