Lexicon

The word bankrupt can be used in several ways: It can indicate the bankruptcy of a company/person. One then says: “The company is bankrupt.” In […]

Liquidation is the liquidation of the estate of a bankrupt. The liquidation of a company is the most important task of the bankruptcy trustee. The […]

A preferential creditor is a creditor who has a preferential claim on the debtor. This preferential claim means that in case of bankruptcy of the […]