prepack

English edit

English Wikipedia has an article on:

Pre-packaged insolvency

Etymology edit

Verb edit

prepack (third-person singular simple present prepacks, present participle prepacking, simple past and past participle prepacked)

(transitive) To pack in advance.

Noun edit

prepack (plural prepacks)

(business) A bankruptcy procedure in which a restructuring plan is agreed before the company declares itself insolvent.