bad debt

the debt that can not be collected for different reasons.

Accounts receivable that will likely remain uncollecta ...

bad faith

is a legal concept in which a malicious motive on the part of a party in a lawsuit undermines their case..

Bad faith examples: a person acts in bad faith if he received the money (check) that was intended for another person; after a lawsui ...

bail

The release, prior to trial, of a person accused of a crime, under specified conditions designed to assure that person's appearance in court when required. Also can refer to the amount of bond money posted as a financial condition of pretrial rele ...

Bankruptcy

A legal declaration of financial insolvency.

A legal procedure for dealing with debt problems of individuals and businesses; specifically, a case filed under one of the chapters of title 11 of the United States Code (11 U.S.C. §§ 101– 1330 ...

bankruptcy court

The specialized federal court created to deal with bankruptcy matters under the Federal Bankruptcy Act There are several bankruptcy courts in each state, and each one's territory covers several counties.

The procedural aspects of the ban ...

bankruptcy proceedings

A claim in bankruptcy is document filed with the Court so as to register a claim against the assets of the bankruptcy estate. The claim sets out the amount that is owed to the creditor as of the date of the bankruptcy filing and, if relevant, any ...

battery

The willful and unlawful touching or striking of one person by another, with the intention to harm. Common examples: John and Kate had an argument; John punches Kate with his fist. John just committed battery James and his friends have a conver ...