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| rdfs:comment | - Bankruptcy is the hour-long season 4 finale of The Part 2 Adventures of SpongeBob SquarePants. Bikini Bottom goes bankrupt! It's so bad, the whole thing is shot in live action!
- Bankruptcy is a federal legal proceeding available to both individuals and organizations, which permit relief from or restructuring of debts under specific circumstances.
- Declaring bankruptcy means that your airline and everything belongs to it will be deleted from the game. In order to play the game again you will have to create a new airline and start all over.
- Bankruptcy was a status whereby a person is formally declared unable to repay their debts. In 2268, Spock pointed out that under the Nazis a bankrupt Germany soon rose to the point of almost achieving global domination. (TOS: "Patterns of Force" ) In 2370, while reminiscing about his time on Terok Nor, Glinn Boheeka joked that the dabo girl Hartla would have bankrupted him had the Occupation of Bajor continued for longer than it had. (DS9: "The Wire") In 2374, Brunt sneered at Grand Nagus Zek that he, Zek, was bankrupt. (DS9: "Profit and Lace")
- In plain words, Bankruptcy means the inability to pay debts which a person or an organization (like an incorporated company) may owe to others. It becomes a legally recognized status of a person or an organization after prescribed legal process is complied with, and the court declares that person or the organization as bankrupt. Two main purposes are served by someone being recognized as a bankrupt:
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| abstract | - Bankruptcy is the hour-long season 4 finale of The Part 2 Adventures of SpongeBob SquarePants. Bikini Bottom goes bankrupt! It's so bad, the whole thing is shot in live action!
- In plain words, Bankruptcy means the inability to pay debts which a person or an organization (like an incorporated company) may owe to others. It becomes a legally recognized status of a person or an organization after prescribed legal process is complied with, and the court declares that person or the organization as bankrupt. Two main purposes are served by someone being recognized as a bankrupt: 1.
* Some persons or organizations may have become bankrupt for genuine reasons or for reasons beyond the control of that person or that particular organization. Bankruptcy gives that person or that organization a new financial life and a fresh start - the earlier debts are taken care by earlier assets, if any, and the shortfalls are basically ignored. During the process of bankruptcy, if it is legally declared, any creditors are barred from pursuing lawsuits or any other legal route to recover outstanding debt. 2.
* By following the legal process of bankruptcy, the creditors get an orderly and organized way to claim whatever repayments may be possible from the assets of the bankrupt person or the organization.
- Bankruptcy is a federal legal proceeding available to both individuals and organizations, which permit relief from or restructuring of debts under specific circumstances.
- Declaring bankruptcy means that your airline and everything belongs to it will be deleted from the game. In order to play the game again you will have to create a new airline and start all over.
- Bankruptcy was a status whereby a person is formally declared unable to repay their debts. In 2268, Spock pointed out that under the Nazis a bankrupt Germany soon rose to the point of almost achieving global domination. (TOS: "Patterns of Force" ) In 2370, while reminiscing about his time on Terok Nor, Glinn Boheeka joked that the dabo girl Hartla would have bankrupted him had the Occupation of Bajor continued for longer than it had. (DS9: "The Wire") In 2374, Brunt sneered at Grand Nagus Zek that he, Zek, was bankrupt. (DS9: "Profit and Lace") In 2375, Zek told his successor Rom that a Nagus had to avoid the shoals of bankruptcy. (DS9: "The Dogs of War")
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