Difference between revisions of "Business Failure"
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Latest revision as of 16:11, 5 March 2020
Definition
Business Failure is an umbrella term that captures a range of different circumstances in which a Company (Corporation) ceases to be an independently trading Legal Entity. Specific scenarios may include
- Bankruptcy
- A merger, takeover or other such Corporate Event that subsumes an entity into another
- A cessation of trading due to a variety of factors (See Business Risk) that is not also a Credit Event
