pre-packaged bankruptcy

noun

pre-pack·​aged bankruptcy
prē-ˈpa-kijd-
: a bankruptcy plan that has been negotiated between the debtor and creditors prior to the debtor's filing for bankruptcy

Dictionary Entries Near pre-packaged bankruptcy

Cite this Entry

“Pre-packaged bankruptcy.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/pre-packaged%20bankruptcy. Accessed 22 May. 2024.

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