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Sage Social Science Thesaurus

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... > social science subjects > sociology > social problems > social problems encyc > economics and work > business bankruptcy
... > social science subjects > politics and international relations > governance > crisis management > financial crises > business bankruptcy
... > social science subjects > business and management > management settings > business management > governance > crisis management > financial crises > business bankruptcy
... > social science subjects > criminology and criminal justice > criminology > law and society > legal subjects > business bankruptcy
... > social science subjects > politics and international relations > political science > law and courts > law and society > legal subjects > business bankruptcy

Preferred term

business bankruptcy  

Definition

  • Business bankruptcy occurs when a commercial organization does not have sufficient readily available funds (capital) to pay its current debts. Further, the business is either unable or unwilling to sell its assets, or to use debt (by borrowing capital) or equity (by selling ownership shares), to pay such obligations. [Source: Encyclopedia of Social Problems; Bankruptcy, Business]

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https://concepts.sagepub.com/social-science/concept/business_bankruptcy

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