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Từ vựng:

procedure in bankruptcy

Giải nghĩa:

/prəˈsidʒər ɪn ˈbæŋkrəptsi/ – Phrase


Definition: thủ tục xử lý nợ của doanh nghiệp phá sản.

A more thorough explanation: In the context of bankruptcy law, a “procedure” refers to the established rules and steps that must be followed in a bankruptcy case. These procedures are designed to ensure that the rights of all parties involved are protected and that the bankruptcy process is carried out fairly and efficiently. This may include filing required forms, attending court hearings, providing documentation, and complying with specific timelines and requirements set forth in the bankruptcy code.

Example: One common procedure in bankruptcy is the filing of a petition with the bankruptcy court to initiate the bankruptcy process.

 

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