ویدوی آموزشی واژگان ورشکستگی پارت اول

 

واژگان پارت اول

Insolvent

An individual or company that cannot pay its debit is considered insolvent

A company becomes bankrupt when a special court, known as a bankruptcy court, rules that is insolvent 

Bankruptcy plan

The court usually orders the individual or firm to follow a bankruptcy, or reorganization, plan

Companies seek protection by filling for bankruptcy, and court declares a firm bankrupt

Creditor

A creditor is any person or company who is owed money by another person or company

Creditors play a major role in designing the bankruptcy plan and usually vote on accepting or rejecting the plan

Secured creditor

Creditors whose loans are guaranteed by a specefic asset are known as secured creditors

Unsecured creditor

Unsecured creditors have no guarantee and can only receive a share of what is left after secured creditors are paid

Bondholder

In most corporate bankruptcies, the bondholders will be the largest creditors, and their votes will be critical to approving a bankruptcy plan

Claims

The sums of money owed by a bankrupt company are known as claims

Claims may be made by bondholders seeking repayment of loans, by workers seeking unpaid wages, or by suppliers seeking to settle outstanding bills

Chapter11

Chapter 11 is the section the legal code that allows firms to declare bankruptcy while continuing their day-to-day activities

A company taht goed into chapter ۱۱ is usually seeking to deal with unmanageable debts while avoiding lawsuits by creditors and working to become profitable again

Chapter7

Chapter ۷ covers insolvent companies that cease doing business, usually because they have no chance of returning to profitability

Liquidation

A company that goes into chapter ۷, also known as going into liquidation, will be broken up and have its assets sold separately, or liquidated, to recover as much cash as possible for creditors

ویدئوی آموزشی واژگان ورشکستگی پارت دوم

واژگان پارت دوم

Restructuring

A financially trouble company may undergo a restructuring of its activities, in order to remain in business

The restructuring often takes place when a firm receives new investment or funding

Restructuring plan

To receive new funds, the company may need to prepare a restructuring plan, demonstrating that it can use the money successfully

Federal loans

In the US, companies and individuals somtimes receive loans from the national government

As the U.S is a federal government, these are known as federal loans

Tumble

When a price or static fall sharply, it is sometimes said to tumble

Wipe out

To wipe out something means to eliminate or destroy it completely

For example, a company may wipe out its debts through bankruptcy

Layoffs

Layoffs are job losses, or redundancies, resulting from poor company performance or economic conditions

Salaried employees

Workers who receive their pay in the form of a weekly or monthly salary, instead of being paid by the hour

White-collar

One common term for salaried employees is white-collar employees, based on the traditional color of businessmen’s shirts

Blue-collar

This term contrasts with blue-collar, which refers to workers with less skilled or non-professional jobs

Buyout

Used to describe a payment made to senior employees in exchange for giving up their jobs

to buyout

These employees are said to have been bought out