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