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• A legal procedure for dealing with debt problems of individuals and businesses; specifically, a case filed under one of the chapters of title 11 of the United States Code (the Bankruptcy Code).

  U.S. Courts - Cite This Source - This Definition
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  Cite Definition for bankruptcy

  American Psychological Association (APA)

  bankruptcy. (n.d.). US Bankruptcy Court Southern District of Iowa. Retrieved March 25, 2023, from website: http://www.expertglossary.com/definition/bankruptcy.

  Chicago Manual of Style (CMS)

  bankruptcy. www.uscourts.gov. US Bankruptcy Court Southern District of Iowa. U.S. Courts. http://www.expertglossary.com/definition/bankruptcy (accessed: March 25, 2023).

  Modern Language Association (MLA)

  "bankruptcy." US Bankruptcy Court Southern District of Iowa. U.S. Courts. 25 March. 2023 http://www.expertglossary.com/definition/bankruptcy.

• A complex, technical area of the law; applies to individuals or businesses that are unable to pay their bills as they come due, or for whom paying their bills is no longer realistic.

  U.S. Courts - Cite This Source - This Definition
  ×

  Cite Definition for bankruptcy

  American Psychological Association (APA)

  bankruptcy. (n.d.). US Bankruptcy Court Southern District of Iowa. Retrieved March 25, 2023, from website: http://www.expertglossary.com/definition/bankruptcy.

  Chicago Manual of Style (CMS)

  bankruptcy. www.iasb.uscourts.gov. US Bankruptcy Court Southern District of Iowa. U.S. Courts. http://www.expertglossary.com/definition/bankruptcy (accessed: March 25, 2023).

  Modern Language Association (MLA)

  "bankruptcy." US Bankruptcy Court Southern District of Iowa. U.S. Courts. 25 March. 2023 http://www.expertglossary.com/definition/bankruptcy.

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