Bankruptcy Proceedings Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Bankruptcy Proceedings, written in plain English, along with examples of how it is used.

What is Bankruptcy Proceedings?

(n) Bankruptcy Proceedings is process by which Court hear and decide on petitions from persons or business entities requesting them to be declared as bankrupt and examine and decide the request of refinancing, re-organizing, re-scheduling of the liabilities of such entity.