---

• n  a state of complete lack of some abstract property
  spiritual bankruptcy
  moral bankruptcy
  intellectual bankruptcy
• n  inability to discharge all your debts as they come due
  the company had to declare bankruptcy
• n  a legal process intended to insure equality among the creditors of a corporation declared to be insolvent

• The high court permits troubled firms to cancel union pacts In most dictionaries, bankruptcy is a polite word for going belly up.
• If GM files for bankruptcy, it may do so in a city far, far away from its employees or suppliers.
• Jeffrey Sauger Bloomberg News Landov GM is headquartered in Detroit and employs more than 53,000 people in Michigan, but in the corporate-bankruptcy system, courts compete for .

• failure

News & Articles

---

• Bankruptcy Lawyer Completes Bankruptcy Information Brea Page To Help Answer Residents' Questions About California ...
  The bankruptcy attorneys in Brea Zhou & Chini recently finished an important informational page on bankruptcy for Brea locals. The information on the page displays the information about California bankruptcy exemptions and more. (PRWeb June 14, 2013) Read the full story at http://www.prweb.com/releases/bankruptcy-information/Brea-bankruptcy-attorney/prweb10829061.htm
  June 14, 2013 - PRWeb
• California Bankruptcy Attorney Completes Bankruptcy Information Hemet Page For New Wiki Site
  Newly completed bankruptcy Hemet page for local Riverside County residents gives all the information about filing. Zhou & Chini continues to build valuable information pertaining to California bankruptcy exemptions . (PRWeb June 13, 2013) Read the full story at http://www.prweb.com/releases/bankruptcy-information/Hemet-bankruptcy-lawyer/prweb10823166.htm
  June 13, 2013 - PRWeb
• When Bankruptcy Freezes an Airline Credit Card, What Happens to the Miles?
  If a rewards card is frozen during bankruptcy, you may still have access to most of the points you've earned. It depends on whether the card is co-branded with a travel partner.
  June 13, 2013 - FOX Business

Quotes

---

• President Bush in Reuters UK
  If we were to allow the free market to take its course now, it would almost certainly lead to disorderly bankruptcy and liquidation for the automakers,Bush said, warning that to do nothing would deepen and prolong the US recession.
• Nancy Pelosi in Detroit Free Press
  I believe an intervention will happen, either legislatively or from the administration,Pelosi said. "I think it's pretty clear that bankruptcy is not an option."
• Barack Obama in Media Matters for America
  At a March 5 health-care forum, Obama said, "The cost of health care now causes a bankruptcy in America every 30 seconds."