Actions

Technical Bankruptcy

Revision as of 14:34, 12 February 2019 by User (talk | contribs) (Created page with "'''Technical Bankruptcy''' is defined as the "state of a borrower defaulting on one or more financial obligations, who is not officially bankrupt." This state occurs when the...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Technical Bankruptcy is defined as the "state of a borrower defaulting on one or more financial obligations, who is not officially bankrupt." This state occurs when the borrower is out of funds, but has not sought bankruptcy protection, and none of the creditors has made a claim for repayment through the court system.[1]


References

  1. ↑ Definition: What is echnical Bankruptcy? Investor Words
Retrieved from "https://cio-wiki.org//index.php?title=Technical_Bankruptcy&oldid=4120"