Meaning of “bankruptcy order” in the English Dictionary

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"bankruptcy order" in Business English

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bankruptcy ordernoun [ C ]

uk us

LAW, FINANCE an order by a court that says that a person or a company is officially bankrupt (= they owe more money than they can pay):

A bankruptcy order can only be made as a result of a petition for such an order being presented to the court.

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