declaration of bankruptcy

简明释义

宣告破产

英英释义

例句

1.The declaration of bankruptcy allowed the individual to start fresh without the burden of past debts.

这份破产声明使个人能够在没有过去债务负担的情况下重新开始。

2.After months of financial struggles, the small business made a declaration of bankruptcy to protect its assets.

经过几个月的财务困境，这家小企业做出了破产声明以保护其资产。

3.Investors were shocked by the sudden declaration of bankruptcy from the once-thriving corporation.

投资者对这家曾经繁荣的公司突然做出的破产声明感到震惊。

4.The company filed for a declaration of bankruptcy due to overwhelming debts.

由于债务过重，公司申请了破产声明。

5.The court accepted the declaration of bankruptcy, allowing creditors to file claims.

法院接受了这份破产声明，允许债权人提交索赔。

作文

The concept of declaration of bankruptcy is often associated with financial distress and the inability to meet financial obligations. When an individual or a business makes a declaration of bankruptcy, it signifies that they are unable to pay their debts and seek legal protection from creditors. This process is not merely an admission of failure; rather, it is a legal remedy designed to provide a fresh start for those who find themselves in overwhelming financial situations.In most jurisdictions, the declaration of bankruptcy can be initiated by the debtor or the creditors. When a debtor files for bankruptcy, they must submit detailed financial information, including assets, liabilities, income, and expenses. This transparency is crucial as it allows the court to assess the situation accurately and determine the best course of action. For businesses, a declaration of bankruptcy can lead to reorganization under Chapter 11 of the U.S. Bankruptcy Code, where they can continue operations while restructuring their debts.The implications of a declaration of bankruptcy are profound. For individuals, it often means a significant impact on their credit score, which can take years to recover. However, it also provides relief from the constant pressure of debt collection and can prevent foreclosure on homes or repossession of essential assets. The emotional toll of financial difficulties can be immense, and a declaration of bankruptcy can offer a pathway to regain control over one’s financial life.For businesses, the declaration of bankruptcy can serve as a strategic move. It allows companies to renegotiate contracts, reduce overhead costs, and eliminate unprofitable divisions. Many well-known companies have successfully emerged from bankruptcy, proving that this legal process can be a tool for revitalization rather than just a sign of failure. The key lies in how the organization approaches the restructuring process and the commitment to returning to profitability.Despite its potential benefits, the stigma surrounding a declaration of bankruptcy persists. Society often views bankruptcy as a mark of shame, leading many individuals and businesses to avoid filing even when it may be the best option. Education about the realities of bankruptcy is essential to change this perception. Understanding that a declaration of bankruptcy is a legal right and a tool for recovery can empower those in financial distress to make informed decisions.In conclusion, a declaration of bankruptcy is a complex legal process that serves as a vital lifeline for individuals and businesses facing insurmountable debt. While it carries significant consequences, it also offers an opportunity for a fresh start. By demystifying the bankruptcy process and addressing the stigma attached to it, we can help those in need to reclaim their financial futures. Ultimately, a declaration of bankruptcy should be viewed not as an end, but as a new beginning for those willing to navigate the challenges ahead.

破产宣告的概念通常与财务困境和无法满足财务义务相关。当个人或企业作出破产宣告时，这意味着他们无法偿还债务，并寻求法律保护以免受债权人的追讨。这个过程不仅仅是失败的承认；而是一种法律救济，旨在为那些陷入压倒性财务状况的人提供重新开始的机会。在大多数法域中，破产宣告可以由债务人或债权人发起。当债务人申请破产时，他们必须提交详细的财务信息，包括资产、负债、收入和支出。这种透明度至关重要，因为它使法院能够准确评估情况并确定最佳行动方案。对于企业而言，破产宣告可以根据美国破产法第11章进行重组，在此过程中，他们可以继续运营，同时重组债务。破产宣告的影响深远。对于个人来说，这通常意味着信用评分会受到重大影响，恢复可能需要数年。然而，它也提供了缓解债务催收压力的机会，可以防止房屋被止赎或必要资产被没收。财务困难带来的情感压力可能是巨大的，而破产宣告可以提供重新控制财务生活的途径。对于企业而言，破产宣告可以作为一种战略举措。它允许公司重新谈判合同、降低开销，并消除不盈利的部门。许多知名公司成功地从破产中恢复过来，证明这一法律程序可以成为振兴的工具，而不仅仅是失败的标志。关键在于组织如何处理重组过程，以及对恢复盈利能力的承诺。尽管其潜在的好处，围绕破产宣告的污名仍然存在。社会往往将破产视为耻辱的标志，导致许多个人和企业即使在最好选择的情况下也避免申请。关于破产现实的教育对于改变这种看法至关重要。了解破产宣告是一项法律权利和恢复工具，可以让身处财务困境的人做出明智的决策。总之，破产宣告是一个复杂的法律过程，是面临无法偿还债务的个人和企业的重要生命线。虽然它带来了重大后果，但它也提供了重新开始的机会。通过揭示破产过程的真相和解决与之相关的污名，我们可以帮助那些需要帮助的人重新掌控财务未来。最终，破产宣告不应被视为结束，而是愿意迎接未来挑战的人们的新开始。