Technical Bankruptcy
The state of a company or person who has defaulted on a financial obligation and would be declared bankruptcy if the creditor makes a claim through the courts. Investopedia Says:
In other words, a company or person experiencing technical bankruptcy shows all the signs of bankruptcy, but just hasn't been declared bankrupt by the courts. Related Terms:
Absolute Priority
Bankruptcy
Bond
Chapter 11
Chapter 7
Discharge in Bankruptcy
Prepackaged Bankruptcy
Senior Security
Stalking Horse Bid
Stockholders Equity
Vulture Fund |