no-asset case

no-asset case definition - business

no-asset case

In Chapter 7 bankruptcies, a case in which no assets are available to satisfy the claims of unsecured creditors.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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