pre-packaged bankruptcy

Contents

EnglishEdit

NounEdit

pre-packaged bankruptcy ‎(plural pre-packaged bankruptcies)

  1. (finance, banking) A filing for bankruptcy by submitting to the court a virtually complete plan designed to avoid a protracted court-guided period of reorganization and debt restructuring.

SynonymsEdit

ReferencesEdit

  • 2009 Levitin, Adam, GM Could Move Quickly Through Bankruptcy, Steve Inskeep interview of Adam Levitin, Professor of Law, Georgetown University; Morning Edition, April 1, 2009, National Public Radio (US).