bankruptcy protection Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of “bankruptcy protection” in the English Dictionary

"bankruptcy protection" in Business English

See all translations

bankruptcy protectionnoun [U]

uk   us   also bankruptcy-law protection
LAW, FINANCE laws that limit the amount of money a bankrupt company (= one that owes more money than it can pay) must pay to those it owes money to: The firm filed for bankruptcy protection after a massive accounting scandal. We have filed for bankruptcy protection from creditors. It's the second time the company has sought bankruptcy protection in 25 months. The Chicago-based business, already forced into Chapter 11 bankruptcy protection, said that a complete collapse is now a "distinct possibility".
See also
(Definition of bankruptcy protection from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of bankruptcy protection?
Add Cambridge dictionaries to your browser to your website
Avoiding common errors with the word enough.
Avoiding common errors with the word enough.
by ,
May 25, 2016
by Liz Walter Enough is a very common word, but it is easy to make mistakes with it. You need to be careful about its position in a sentence, and the prepositions or verb patterns that come after it. I’ll start with the position of enough in the sentence. When we use it with a noun,

Read More 

Word of the Day

sunburned

Sunburned skin has become red and sore by being in the strong heat of the sun for too long, or is very suntanned.

Word of the Day

convo noun
convo noun
May 23, 2016
informal a conversation The convo around concussions mostly focuses on guys who play football, but Chastain thinks that this whole thing could be a headache for women too.

Read More