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Dictionary for "bankruptcy"

21 results

Dictionary 21

  • Dictionary

    Cash out option

    …that they would be expected to receive in the event of bankruptcy.

  • Dictionary

    Actio Pauliana

    …legal act (except for the possibility of a trustee in bankruptcy to set aside an obligatory legal act under certain circumstances, also under Article 47 Bankruptcy Act, of whichthe…

  • Dictionary

    Absolute priority rule

    …affected. See Article 384(4)(b) of the Faillissementswet (Bankruptcy Act).

  • Dictionary

    Class (WHOA)

    …the position of the shareholder(s) or creditor(s) in bankruptcy and the rights they are offered under the composition.

  • Dictionary

    Liquidation value

    The value of a company in bankruptcy. A liquidation valuation under the WHOA often shows how a debtor’s assets will be divided in bankruptcy and what payment (groups of) creditors…

  • Dictionary

    No creditor worse off (NCWO)

    …creditors may not be worse off under the composition than in bankruptcy. At the request of a dissenting creditor or shareholder, the court can refuse homologation if this creditor…

  • Dictionary

    Best interest of creditors

    …creditors may not be worse off under the composition than in bankruptcy. At the request of a dissenting creditor or shareholder, the court can refuse homologation if this creditor…

  • Dictionary

    Observer

    …creditors. See Article 380 of the Faillissementswet (Bankruptcy Act).

  • Dictionary

    Start declaration

    A declaration that a debtor files with the clerk of the court as soon as he starts preparing a WHOA composition. See Article 370(3) of the Faillissementswet (Bankruptcy Act).

  • Dictionary

    Voting report

    …that petition. See Article 382 of the Faillissementswet (Bankruptcy Act).