Bankruptcy

Bankruptcy

Industry: Legal services

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Bankruptcy

involuntary petition

Legal services; Bankruptcy

A petition filed in a bankruptcy court by a creditor seeking to declare a debtor bankrupt.

Based in New York, Dewey & Leboeuf LLP was once one of the largest law firms in the U.S. with more than 1,300 attorneys in 12 countries at its peak. The firm was formed by merging Dewey Ballantine ...

insolvency

Legal services; Bankruptcy

Condition of a company or person unable to bay due debts.

admiralty claim

Legal services; Bankruptcy

Application to take possession of a ship to satisfy a debt.

bailiff

Legal services; Bankruptcy

Persons authorized to deliver court documents, make arrests, remove and sell debtors' possessions and evict them from their property.

bankrupt

Legal services; Bankruptcy

Wherby an individual or organization is insolvent, i.e. not able to meet the dues on their loans, leading to their assets being liquidated and distributed to creditors.