bankruptcy protection Definition in Business English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Definition of "bankruptcy protection" - Business English Dictionary

bankruptcy protection

noun [U]
 
 
( 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 Chapter 11
(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
Word of the Day
social security

a system of payments made by the government to people who are ill, poor, or who have no job

Word of the Day

Are you a glass-half-full person? (Everyday Idioms)
Are you a glass-half-full person? (Everyday Idioms)
by Kate Woodford,
July 29, 2015
A reader of this blog recently asked for a post on idioms that are used in everyday English. This seemed like a reasonable request. After all, if you are going to make the effort to learn a set of English idioms, you want those idioms to be useful. The question, then, was

Read More 

responsible luxury noun
responsible luxury noun
August 03, 2015
high-end, green tourism and hospitality Jumeirah’s ‘responsible luxury’ approach is an example of a sustainable travel experience – future guests will enjoy the environment as much as today’s.

Read More