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Banking

Direct Bankruptcy Costs

The bankruptcy costs that arise from cash outlays  that relate to bankruptcy process such as fees paid to lawyers, accountants, administrators, liquidators, and investment bankers involved in bankruptcy proceedings....

Cherry Picking

A practice in bankruptcy proceedings whereby a bankruptcy court may enforce contracts that are in the money to the bankrupt counterparty while abrogating contracts...

Zombie Bank

A bank whose net worth is less than zero, thus, is said to be a walking dead. This happens when a bank’s assets are worth less...