contemplation of bankruptcy

contemplation of bankruptcy. The thought of declaring bankruptcy because of the inability to continue current financial operations, often coupled with action designed to thwart the distribution of assets in a bankruptcy proceeding. — Also termed contemplation of insolvency.

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词条贡献者

资深译员陈鹏，毕业于国内顶尖的高级翻译学院，擅长翻译各类与全球贸易及投资相关的法律文件。