file for bankruptcy protection

简明释义

申请破产保护

英英释义

例句

1.Many small businesses file for bankruptcy protection during economic downturns to reorganize their debts.

许多小企业在经济低迷期间申请破产保护以重组债务。

2.When personal finances became unmanageable, she had to file for bankruptcy protection.

当个人财务变得无法管理时，她不得不申请破产保护。

3.The CEO announced that they would file for bankruptcy protection to ensure the survival of the company.

首席执行官宣布他们将申请破产保护以确保公司的生存。

4.After struggling with debts for years, the company had no choice but to file for bankruptcy protection.

在与债务斗争多年后，公司别无选择，只能申请破产保护。

5.In order to restructure its finances, the airline decided to file for bankruptcy protection.

为了重组财务，这家航空公司决定申请破产保护。

作文

In today's fast-paced economic environment, many individuals and businesses face financial challenges that can lead to overwhelming debt. When a company finds itself unable to meet its financial obligations, it may consider various options to regain stability. One significant step in this process is to file for bankruptcy protection, which serves as a legal mechanism to help struggling entities reorganize their debts and potentially emerge stronger. This essay will explore the implications of filing for bankruptcy protection, the process involved, and its impact on both the debtor and creditors.Filing for bankruptcy protection is not a decision taken lightly. It often signifies that a business has exhausted all other avenues to resolve its financial difficulties. The primary purpose of this legal action is to provide a temporary reprieve from creditors, allowing the debtor time to reorganize its finances without the constant pressure of collection efforts. By filing for bankruptcy protection (申请破产保护), a business can halt lawsuits, wage garnishments, and other aggressive collection tactics that can further destabilize its operations.The process of filing for bankruptcy protection typically begins with the preparation of detailed financial statements and a comprehensive plan outlining how the debtor intends to address its obligations. This plan must be submitted to the bankruptcy court, which will evaluate its feasibility and fairness. Depending on the type of bankruptcy filed—such as Chapter 11 for businesses or Chapter 7 for individuals—the court will oversee the proceedings and ultimately determine the outcome.One of the most critical aspects of filing for bankruptcy protection (申请破产保护) is the automatic stay that takes effect immediately upon submission of the bankruptcy petition. This stay prohibits creditors from taking any further action to collect debts, providing the debtor with a much-needed breathing room. During this period, the business can focus on restructuring its operations, renegotiating contracts, and developing a viable plan to pay off its debts over time.However, the implications of filing for bankruptcy protection (申请破产保护) extend beyond just the immediate relief from creditors. It can have long-lasting effects on a company's reputation and creditworthiness. Many customers and suppliers may view bankruptcy as a sign of instability, leading to a loss of business and trust. Additionally, the bankruptcy process can be costly, with legal fees and administrative expenses adding up quickly. Therefore, while bankruptcy can provide a pathway to recovery, it is essential for businesses to weigh the potential benefits against the risks involved.For creditors, the implications of a debtor filing for bankruptcy protection (申请破产保护) are equally significant. Creditors may find themselves facing a lengthy and complex process to recover what they are owed. In many cases, they may only receive a fraction of the total amount due, depending on the priority of their claims and the available assets of the debtor. This uncertainty can create ripple effects throughout the economy, as suppliers and lenders adjust their practices in response to increased risk.In conclusion, filing for bankruptcy protection (申请破产保护) is a crucial option for businesses facing insurmountable financial challenges. While it offers a lifeline for companies to reorganize and potentially thrive again, it is a decision that carries significant consequences for both the debtor and creditors. Understanding the complexities of this process is essential for anyone involved in the financial industry, as well as for business owners seeking to navigate the challenging waters of economic hardship. Ultimately, the goal of bankruptcy protection is to foster an environment where businesses can recover and continue to contribute to the economy, benefiting all stakeholders in the long run.

在当今快速变化的经济环境中，许多人和企业面临着可能导致债务过重的财务挑战。当一家公司发现自己无法履行财务义务时，它可能会考虑各种选项以恢复稳定。在这个过程中，一个重要的步骤是申请破产保护，这是一种法律机制，可以帮助陷入困境的实体重组其债务，并可能更强大地出现。本文将探讨申请破产保护的含义、相关过程及其对债务人和债权人的影响。申请破产保护并不是一个轻率的决定。它通常意味着企业已经用尽了所有其他途径来解决其财务困难。此法律行动的主要目的是为债务人提供暂时的债权人缓解，让债务人在没有收款压力的情况下有时间重组其财务。通过申请破产保护，企业可以停止诉讼、工资扣押和其他可能进一步不稳定其运营的激进收款策略。申请破产保护的过程通常始于准备详细的财务报表和全面的计划，概述债务人打算如何处理其义务。该计划必须提交给破产法院，法院将评估其可行性和公平性。根据所申请的破产类型——如企业的第11章或个人的第7章——法院将监督程序并最终确定结果。申请破产保护的一个关键方面是，破产申请提交后立即生效的自动中止。这一中止禁止债权人采取任何进一步的行动来收回债务，为债务人提供了急需的喘息空间。在此期间，企业可以专注于重组其运营、重新谈判合同并制定可行的计划，以便随着时间的推移偿还其债务。然而，申请破产保护的影响不仅限于对债权人的即时缓解。它可能对公司的声誉和信用状况产生长期影响。许多客户和供应商可能将破产视为不稳定的标志，导致业务和信任的丧失。此外，破产过程可能成本高昂，法律费用和行政开支迅速增加。因此，虽然破产可以提供恢复的途径，但企业必须权衡潜在的好处与相关风险。对于债权人而言，债务人申请破产保护的影响同样显著。债权人可能发现自己面临漫长而复杂的过程，以追回他们所欠的款项。在许多情况下，他们可能只会收到到期总额的一小部分，这取决于其索赔的优先级和债务人的可用资产。这种不确定性可能在整个经济中产生涟漪效应，因为供应商和贷款人根据风险增加调整其做法。总之，申请破产保护是面临不可逾越的财务挑战的企业的重要选择。虽然它为公司提供了重组和潜在再次繁荣的生命线，但这是一个对债务人和债权人都带来重大后果的决定。理解这一过程的复杂性对任何参与金融行业的人以及寻求在经济困难中航行的企业主来说至关重要。最终，破产保护的目标是营造一个企业能够恢复并继续为经济作出贡献的环境，最终使所有利益相关者受益。