bankruptcy proceedings Meaning in the Cambridge English Dictionary
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Meaning of “bankruptcy proceedings” in the English Dictionary

"bankruptcy proceedings" in Business English

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bankruptcy proceedingsnoun [plural]

uk   us  
LAW, FINANCE the ​legalprocess of becoming ​officially bankrupt (= unable to ​pay what you ​owe): The county emerged from ​bankruptcyproceedings in June. The ​company has been under Chapter 11 ​bankruptcyproceedings since April, when it ​filed to ​reorganize for the second ​time in three ​years.
(Definition of bankruptcy proceedings from the Cambridge Business English Dictionary © Cambridge University Press)
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