Typically, this term is associated with companies with little in way of assets, even less revenues, and absolutely no reason for a long - term investor to ever buy one for their portfolio. (thecollegeinvestor.com)
Chapter 7 generally is for people who lack enough income to repay their debt and have little in the way of assets. (cnbc.com)
The smaller banks shouldn't have much in the way of asset backed securities, since they were «disintermediated» from this market. (nakedcapitalism.com)