Meaning of “bankruptcy notice” in the English Dictionary


"bankruptcy notice" in Business English

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bankruptcy noticenoun [ C ]

uk us

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)