A legal proceeding involving a person or business that is unable to repay outstanding debts. The bankruptcy process begins with a petition filed by the debtor (most common) or on behalf of creditors (less common). All of the debtor's assets are measured and evaluated, whereupon the assets are used to repay a portion of outstanding debt. Upon the successful completion of bankruptcy proceedings, the debtor is relieved of the debt obligations incurred prior to filing for bankruptcy.
Related Journals of Bankruptcy:
Arabian Journal of Business and Management Review, International Journal of Economics & Management Sciences, Business and Economics Journal, Journal of Global Economics, Journal of Heuristics, Computer Networks, Parallel Computing, Proceedings of the ACM Conference on Electronic Commerce, Ad Hoc Networks, Cryptography and Communications, Journal of Business & Financial Affairs, Journal of Accounting & Marketing