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Debt-Equity Ratio
A financial tool measuring the blend of debt and equity financing a company utilizes for its assets.
Bankruptcy Liquidation
The process of selling off a bankrupt company's assets to pay off debts, typically overseen by a liquidator or bankruptcy court.
Unsecured Creditors
Creditors who have extended credit without any specific collateral, making them more vulnerable in the event of the debtor's insolvency.
Direct Bankruptcy Costs
Expenses directly associated with the process of filing for bankruptcy, including legal fees, accounting fees, and other related costs.
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