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Financial terms in "Bankruptcy Assistance"

1. first meeting of creditors (341 meeting)

2. matrix

3. examiner

4. fresh start

5. Rule 2004

6. Chapters X, XI and XII

7. Chapter 12

8. claims

9. secured creditors

10. avoidance power

11. straight bankruptcy

12. schedules

13. Chandler Act of 1938

14. Voluntary Bankruptcy

15. discharge (of indebtedness)

16. Chapter 15

17. dismissal

18. pro rata

19. skeleton filing

20. fee examiner

21. Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005

22. Section 77 (of 1933 Act)

23. debtor in possession

24. Conversion

25. convenience claims

26. Bankruptcy Act of 1933

27. period of exclusivity

28. personal bankruptcy

29. going concern value

30. cash collateral

31. contingent claim

32. bankruptcy administrator

33. Bankruptcy Tax Act of 1980

34. bankruptcy petition

35. fraudulent conveyance

36. disclosure statement

37. Chapter 20

38. discovery procedures

39. tax loss carry-forward

40. liquidating reorganization

41. contested matter

42. VCIS (Voice Case Information System)

43. workout

44. Bankruptcy Reform Act of 1978

45. Trustee

46. business bankruptcy

47. dischargeable debt

48. filing fees

49. small claims

50. unliquidated claim

51. liquidation

52. core proceedings

53. petition

54. motion to lift automatic stay

55. substantial abuse

56. plan of reorganization

57. wage-earner bankruptcy

58. interests

59. executory contract

60. Chapter 9

61. assume

62. 363 sale

63. Receiver

64. unsecured creditor

65. petition preparer

66. Debtor

67. Bankruptcy Rule 2004

68. liquidation value

69. Chapter

70. nondischargeable debt

71. vulture funds

72. set-off

73. United States Trustee

74. gap period

75. impairment

76. bankruptcy estate

77. cramdown

78. joint administration

79. plaintiff

80. adversary proceeding

81. bankrupt

82. allowed claim

83. arrangement

84. distressed

85. post-petition

86. NOL

87. substantive consolidation

88. Section 304

89. Equity

90. PACER (Public Access to Court Electronic Records)

91. insider (of corporate debtor)

92. Section 77B

93. nunc pro tunc

94. Bankruptcy proceedings

95. ballot date

96. bankruptcy court

97. Bankruptcy

98. 341 meeting

99. bankruptcy mill

100. Creditor

Note: Maximum 100 records reached. Please narrow your search.

Featured term of the day

Definition / Meaning of

Audit Committee

Categories: Accounting, Tax, Business and Management,

The corporate audit committee is the liaison between the company's management, the board of directors, internal and external auditors, and any other accounting experts advising the company on audit issues.In particular, the audit committee is responsible for hiring and managing external auditors. Since 2002, when Congress passed the Sarbanes-Oxley Act, implementing stringent financial oversight regulations, the role of the audit committee has become increasingly important.An audit committee is composed of a sub-group from the corporation's board of directors. Members of the audit committee must be independent, which means they have no ties to the company's management team. In general they cannot receive any compensation, such as consulting or advisory fees, except for a board of director's fee. They may not be able to own shares in the company, or be affiliated in any other way with the company. Nor can they be affiliated with or have an interest in the external auditing company.

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9. Life Settlement
10. Covenant Not To Sue

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