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Phrases with «bankruptcy notation»

Bankruptcy notation refers to a record or note that is made indicating someone's bankruptcy status. It is a way of documenting and informing others that a person or company has filed for bankruptcy, which means they are unable to pay their debts. This notation helps to keep track of their financial situation and informs others about their inability to meet obligations. Full definition

Sentences with «bankruptcy notation»

  • This quarter saw the lowest number of bankruptcy notations in the 18 - year history of this series, continuing an overall downward trend since the financial crisis. (newyorkfed.org)
  • Moreover, 14 percent fewer consumers had a bankruptcy notation added to their credit reports in the third quarter of this year compared to the same quarter in 2014. (newyorkfed.org)
  • Additionally, 204,000 consumers had a bankruptcy notation added to their credit reports in the final quarter of 2016, which was about 4 % fewer than at the same time the previous year — and also a new series low. (natlbankruptcy.com)
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