Wednesday 29th January 2014
Class
Security Agreements
Legal English for contingencies
Word pairs
Homework
In the U.K. the term bankruptcy applies only to individuals (and partnerships), not to companies or other legal entities which come under the term insolvency.
- For a summary of U.K. insolvency Law and the terms it uses see: http://www.out-law.com/page-8253
- For more information on bankruptcy in the U.K. see: https://www.gov.uk/bankruptcy
- For a full legal definition of the term bankruptcy in the U.S. see http://dictionary.law.com/Default.aspx?selected=33
- For a discussion of the difference between the terms bankruptcy & insolvency (U.S.) see: http://www.differencebetween.com/difference-between-bankruptcy-and-insolvency/
- Read about this case from 2012 which highlights the difference between U.S. and British Insolvency Law: http://dealbook.nytimes.com/2012/07/24/soccer-case-highlights-differences-between-u-s-and-english-bankruptcy-law/?_php=true&_type=blogs&_r=0
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