adjudication of bankruptcy

简明释义

宣告破产

英英释义

例句

1.Investors were concerned about the potential adjudication of bankruptcy 破产裁定 during the company's financial review.

在公司的财务审查期间，投资者对潜在的adjudication of bankruptcy 破产裁定 感到担忧。

2.The lawyer explained the implications of the adjudication of bankruptcy 破产裁定 to her client.

律师向她的客户解释了adjudication of bankruptcy 破产裁定 的影响。

3.After months of financial distress, the business finally faced the adjudication of bankruptcy 破产裁定 process.

经过几个月的财务困境，这家企业最终面临了adjudication of bankruptcy 破产裁定 的过程。

4.The court issued a ruling on the adjudication of bankruptcy 破产裁定 for the struggling company.

法院对这家陷入困境的公司的adjudication of bankruptcy 破产裁定 发布了裁决。

5.The adjudication of bankruptcy 破产裁定 marked the end of an era for the once-thriving enterprise.

这项adjudication of bankruptcy 破产裁定 标志着曾经繁荣的企业的一个时代的结束。

作文

The term adjudication of bankruptcy refers to the legal process through which a court determines whether an individual or organization is unable to repay their outstanding debts. This process is crucial in the realm of finance and law, as it provides a structured method for resolving insolvency issues. When a person or business files for bankruptcy, they are essentially seeking relief from their debts, and the adjudication of bankruptcy is the judicial mechanism that evaluates their financial situation and decides the appropriate course of action.In many jurisdictions, the adjudication of bankruptcy begins when a debtor files a petition with the court. This petition outlines the debtor's financial circumstances, including assets, liabilities, income, and expenses. The court then reviews this information to determine if the debtor qualifies for bankruptcy protection under the relevant laws. If the court finds that the debtor is indeed insolvent, it will officially declare the debtor bankrupt, leading to the adjudication of bankruptcy.One of the primary purposes of the adjudication of bankruptcy is to ensure fair treatment of creditors. Once bankruptcy is declared, an automatic stay is put in place, preventing creditors from taking further action to collect debts. This allows the debtor a chance to reorganize their finances without the constant pressure of debt collection. The court may also appoint a trustee to oversee the bankruptcy process, ensuring that the debtor's assets are managed appropriately and that creditors receive their fair share of any available funds.The adjudication of bankruptcy can take different forms depending on whether the debtor is an individual or a business. For individuals, Chapter 7 and Chapter 13 bankruptcies are common in the United States. Chapter 7 involves liquidating non-exempt assets to pay off creditors, while Chapter 13 allows individuals to keep their property and repay debts over time through a court-approved repayment plan. For businesses, Chapter 11 bankruptcy often comes into play, allowing companies to restructure their debts while continuing operations.The implications of the adjudication of bankruptcy extend beyond just the financial aspect; it also carries significant social and emotional consequences for the debtor. The stigma associated with bankruptcy can lead to feelings of shame and failure, impacting personal relationships and self-esteem. Furthermore, a bankruptcy filing can remain on a credit report for several years, affecting the individual's ability to secure loans or credit in the future.In conclusion, the adjudication of bankruptcy is a vital legal process that serves to protect both debtors and creditors during times of financial distress. It provides a means for individuals and businesses to address their insolvency while ensuring that creditors are treated fairly. Understanding the intricacies of this process can empower individuals facing financial difficulties to make informed decisions about their future. Ultimately, the adjudication of bankruptcy plays a critical role in maintaining the balance within the financial system, offering a pathway to recovery for those in need. In Chinese, the term adjudication of bankruptcy translates to 破产裁定, highlighting its significance in the legal landscape of financial matters. Recognizing this term and its implications can help individuals navigate the complexities of bankruptcy with greater confidence and understanding.

“破产裁定”一词指的是法院通过法律程序确定个人或组织是否无法偿还未偿债务的过程。这个过程在金融和法律领域至关重要，因为它提供了一种解决破产问题的结构化方法。当一个人或企业申请破产时，他们基本上是在寻求债务减免，而“破产裁定”则是评估其财务状况并决定适当行动方案的司法机制。在许多法域中，“破产裁定”始于债务人向法院提交申请。这份申请概述了债务人的财务情况，包括资产、负债、收入和支出。法院随后审查这些信息，以确定债务人是否符合相关法律下的破产保护资格。如果法院发现债务人确实资不抵债，它将正式宣布债务人破产，从而导致“破产裁定”。“破产裁定”的主要目的之一是确保对债权人的公平对待。一旦宣布破产，就会实施自动停止，防止债权人采取进一步措施来收回债务。这使债务人在没有债务催收压力的情况下有机会重组财务。法院还可能指定一名受托人来监督破产过程，确保债务人的资产得到妥善管理，并且债权人能够获得任何可用资金的公平份额。“破产裁定”可以根据债务人是个人还是企业而采取不同的形式。对于个人而言，第7章和第13章破产在美国较为常见。第7章涉及清算非豁免资产以偿还债权人，而第13章允许个人保留其财产，并通过法院批准的还款计划分期偿还债务。对于企业来说，第11章破产通常会出现，允许公司在继续运营的同时重组其债务。“破产裁定”的影响不仅限于财务方面；它还对债务人产生显著的社会和情感后果。与破产相关的污名可能导致羞愧和失败的感觉，影响个人关系和自尊。此外，破产申请可能在信用报告上保留数年，影响个人未来获得贷款或信用的能力。总之，“破产裁定”是一个重要的法律程序，旨在保护在财务困境中的债务人和债权人。它提供了一种解决个人和企业破产的方法，同时确保债权人得到公平对待。理解这一过程的复杂性可以使面临财务困难的个人在未来做出明智的决策。最终，“破产裁定”在维持金融系统平衡方面发挥着关键作用，为需要帮助的人提供了恢复的途径。在中文中，“破产裁定”突显了其在金融事务法律领域的重要性。认识到这一术语及其含义可以帮助个人更自信、更清晰地应对破产的复杂性。