BANKRUPTCY ORDER
bankruptcy order: translation
This indicates that a person is unable to pay their debts and, subject to certain exceptions, deprives them of their property. The property can then be sold in order to pay the person's creditors. HM Customs & Revenue Glossary
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bankruptcy order bankruptcy order ➔ order1
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bankruptcy order UK US noun [C]
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A bankruptcy order can only be made as a result of a petition for such an order being presented to the court.