Meaning of “bankruptcy court” in the English Dictionary

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"bankruptcy court" in Business English

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bankruptcy courtnoun [ C ]

uk us LAW, FINANCE

a special court that deals with situations in which a business or a person becomes unable to pay their debts, and is officially bankrupt:

The agency will assume much of the burden if a bankruptcy court allows the airline to terminate its pension scheme.

(Definition of “bankruptcy court” from the Cambridge Business English Dictionary © Cambridge University Press)