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Glite Dictionary
prebankruptcy

prebankruptcy

7.0
Happening before a person or company files for bankruptcy
  • adjective
  • /priːˈbæŋkrʌptsi/
  • Specialized
: prebancario
  • Her prebankruptcy assets were listed separately from those acquired later.

Examples

  • Lawyers examined all prebankruptcy transactions to ensure they were legal.

  • The company tried to settle its prebankruptcy debts before filing for protection.

  • Don't forget to consider prebankruptcy implications!

  • The company implemented strict measures during the prebankruptcy phase.

  • The company tried to settle its prebankruptcy debts before filing for protection.

  • Lawyers examined all prebankruptcy transactions to ensure they were legal.

  • The company implemented strict measures during the prebankruptcy phase.

Synonyms

prepetition
vsprebankruptcy
  • Formal
1 9.5

Existing before someone files for bankruptcy

refers to the planning and actions before a formal insolvency declaration rather than filing

Surface Forms

prebankruptcy positive

Morphology

prebankruptcy = bankruptcy (transparent) = pre + bankrupt + cy

The prefix 'pre-' straightforwardly adds the meaning 'before' to 'bankruptcy'.

Etymology

The word prebankruptcy combines pre- meaning 'before' with bankruptcy meaning 'unable to pay debts', so it names the time, plans, or actions that happen 'before' a person or company is officially bankrupt.