Setup Menus in Admin Panel

Sharing the Knowledge!™

Finance Knowledge and Information

What does insolvency proceedings mean?

SEARCHING
insolvency proceedings
Noun

The collective judicial or administrative proceedings conducted under insolvency law in which the assets and affairs of insolvent debtors are subject to the control or supervision of a court or other competent authority for the purpose of reorganizing or liquidating the debtor for the benefit of its creditors and others.

Synonym(s): 
  • bankruptcy proceedings.
top
© 2015-2020 Pecunica LLC.  All rights reserved.