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English definition of “bankruptcy notice”

bankruptcy notice

noun [C]
 
 
LAW, FINANCE a written statement that a person or company has declared bankruptcy (= owes more money than they can pay) and that is sent to anyone to whom they owe money: With good procedures in place, creditors should receive important bankruptcy notices in time to protect their rights.
(Definition of bankruptcy notice from the Cambridge Business English Dictionary © Cambridge University Press)
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