bankrupt's estate

简明释义

破产者财产

英英释义

例句

1.Legal disputes often arise over the distribution of the bankrupt's estate.

在破产人的财产分配过程中，法律争议常常发生。

2.Creditors filed claims against the bankrupt's estate to recover their debts.

债权人向破产人的财产提出索赔以追回他们的债务。

3.The court appointed a trustee to manage the bankrupt's estate.

法院任命了一名受托人来管理破产人的财产。

4.The sale of the bankrupt's estate assets will take place next month.

破产人的财产资产的出售将于下个月进行。

5.A detailed inventory was created for the bankrupt's estate during the liquidation process.

在清算过程中，为破产人的财产创建了详细的清单。

作文

In the realm of finance and law, the term bankrupt's estate refers to the totality of assets and liabilities owned by an individual or entity that has declared bankruptcy. Understanding this concept is crucial for both creditors and debtors alike, as it plays a pivotal role in the bankruptcy proceedings. When a person files for bankruptcy, they are essentially admitting that they cannot meet their financial obligations and seek relief through the legal system. The bankrupt's estate is then created, which includes all the property, money, and rights that the bankrupt individual holds at the time of filing. This estate is managed by a trustee who is responsible for overseeing the distribution of assets to creditors according to the priorities set forth by law.The management of the bankrupt's estate is a complex process. It begins with the assessment of all assets, which may include real estate, personal belongings, bank accounts, and other financial instruments. However, not all assets are subject to liquidation. Certain exemptions may apply, allowing the bankrupt individual to retain essential items necessary for daily living, such as a primary residence or a vehicle. The remaining assets are then sold off to generate funds that will be used to pay back creditors. This process ensures that the creditors receive a portion of what they are owed, albeit often at a reduced rate.Moreover, the bankrupt's estate also encompasses any debts that the individual has incurred. These debts are categorized into secured and unsecured debts. Secured debts are those backed by collateral, such as a mortgage or car loan, while unsecured debts include credit card debts and personal loans. The distinction between these types of debts is crucial because it influences how the assets within the bankrupt's estate are distributed during the bankruptcy proceedings. Secured creditors have a higher claim on the assets, meaning they are paid first before unsecured creditors can receive anything.Additionally, it is important to note that the concept of the bankrupt's estate extends beyond just the individual who filed for bankruptcy. In cases involving businesses, the estate may include corporate assets and liabilities, which must be carefully evaluated and managed by the appointed trustee. This adds another layer of complexity, as business bankruptcies often involve multiple stakeholders, including employees, suppliers, and investors, all of whom have a vested interest in the outcome of the proceedings.In conclusion, the understanding of the bankrupt's estate is vital for anyone navigating the world of bankruptcy. It represents the financial reality of individuals or entities unable to fulfill their obligations and serves as a framework for the equitable distribution of assets among creditors. By grasping the intricacies of the bankrupt's estate, individuals can better comprehend their rights and responsibilities during bankruptcy proceedings, ultimately leading to a more informed approach to financial recovery. Whether one is a debtor seeking relief or a creditor hoping to recoup losses, knowledge of the bankrupt's estate is indispensable in today's financial landscape.

在金融和法律领域，术语破产财产指的是个人或实体在宣布破产时所拥有的全部资产和负债。理解这个概念对债权人和债务人来说都是至关重要的，因为它在破产程序中发挥着关键作用。当一个人申请破产时，他们实际上是在承认自己无法履行财务义务，并通过法律系统寻求救济。随后，破产财产被创建，其中包括破产个人在申请时所拥有的所有财产、金钱和权利。该财产由受托人管理，负责根据法律规定的优先级监督资产向债权人的分配。对破产财产的管理是一个复杂的过程。首先要评估所有资产，这可能包括房地产、个人物品、银行账户和其他金融工具。然而，并非所有资产都需要变现。某些豁免可能适用，使破产个人能够保留日常生活所需的基本物品，例如主要居所或车辆。剩余资产随后被出售，以产生用于偿还债权人的资金。这个过程确保了债权人能够获得他们所欠款项的一部分，尽管通常是以减少的比例。此外，重要的是要注意，破产财产的概念不仅限于申请破产的个人。在涉及企业的案件中，该财产可能包括公司资产和负债，这必须由指定的受托人仔细评估和管理。这增加了另一层复杂性，因为企业破产通常涉及多个利益相关者，包括员工、供应商和投资者，他们都对程序的结果有着既得利益。总之，理解破产财产对任何在破产领域中航行的人都是至关重要的。它代表了无法履行义务的个人或实体的财务现实，并作为在债权人之间公平分配资产的框架。通过掌握破产财产的复杂性，个人可以更好地理解他们在破产程序中的权利和责任，从而最终导致更为明智的财务恢复方法。无论是寻求救济的债务人，还是希望收回损失的债权人，对破产财产的了解在当今的金融环境中都是不可或缺的。