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Bankruptcy vs Prebankruptcy - What's the difference?

bankruptcy | prebankruptcy |

As a noun bankruptcy

is a legally declared or recognized condition of insolvency of a person or organization.

As an adjective prebankruptcy is

preceding a bankruptcy.

bankruptcy

English

(wikipedia bankruptcy)

Noun

(bankruptcies)
  • A legally declared or recognized condition of insolvency of a person or organization.

    • Derived terms

    * (noun) pre-packaged bankruptcy * (verb) to file for bankruptcy, to go bankrupt

    Related terms

    * (noun) depression, economic downturn, financial crisis, insolvency, recession * (noun) (figuratively) moral bankruptcy * (adjective) bankrupt, insolvent * (adjective) (slang) broke, bust, belly up * (adjective) (figuratively) morally bankrupt * (verb) (slang) go broke, go bust, go belly up *

    prebankruptcy

    English

    Alternative forms

    *pre-bankruptcy

    Adjective

    (-)
  • Preceding a bankruptcy
    • There are strict laws against fraudulent prebankruptcy transfers.