Prepackaged-bankruptcy Definition

other
A bankruptcy proceeding used by corporations in which the major terms of the bankruptcy are resolved before the court is petitioned to begin the proceeding. Often, prepackaged bankruptcies result in more favorable terms for both the creditors and debtors. They also can cut down the amount of time needed to complete a bankruptcy proceedings, and thus save costs.
Webster's New World Finance

Find Similar Words

Find similar words to prepackaged-bankruptcy using the buttons below.

Words Starting With

Words Ending With

Word Length