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 […]

If a legal or a natural person can no longer meet its payment obligations, the court can declare bankruptcy. The court will then appoint a […]

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 […]