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Concept information

Preferred term

bankruptcy

Type

  • Topic

Definition

  • Information A legal process in which a debtor unable to pay debts has his assets liquidated and the debtor is relieved of further liability for those debts.

Broader concept

Synonyms

  • Chapter 12 bankruptcy
  • insolvency

In other languages

URI

https://lod.nal.usda.gov/nalt/15767

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