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Today's Terms
Bankruptcy Court
Definition:
The federal tribunal where cases under the Bankruptcy Code are litigated.
Reverse leveraged buyout
Definition:
When a company that was a leveraged buyout restructures its (usually unmanageable) debt by issuing new equity (usually in exchange for some or all of the outstanding debt incurred during the original leveraged buyout).
Debtor
Definition:
The entity seeking protection from creditors under the bankruptcy laws.
More Bankruptcy Terms >
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