A bankrupt company is one that has serious financial difficulties and is not able to pay its debts. It has declared itself unable to meet its financial obligations and seeks legal protection to resolve its financial problems. Full definition
These include new rules around pensions for employees of bankrupt companies, a public retirement program, or a relaxation of funding requirements. (canadianlawyermag.com)
What would be the harm in allowing patents from bankrupt companies to be dissolved and then placed into the public domain? (canadianbusiness.com)
It's still the best strategy, even better than the old pension plans which, at times, were swallowed up by bankrupt companies. (thedigeratilife.com)