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RBA Glossary definition for bankruptcy

bankruptcy – A legal status, which can be initiated by a creditor or person concerned, whereby the bankrupt's property is vested in a trustee and, with the exception of certain personal and professional property, is available for distribution to creditors.

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Statement to Parliamentary Committee

16 Mar 2009 Bulletin PDF 106KB
Opening Remarks by Mr Glenn Stevens, Governor, in testimony to the House of Representatives Standing Committee on Economics, Canberra, 20 February 2009.
https://www.rba.gov.au/publications/bulletin/2009/mar/pdf/bu-0309-3.pdf

Bulletin September Quarter 2022

14 Sep 2022 Bulletin - September 2022 PDF 8931KB
https://www.rba.gov.au/publications/bulletin/2022/sep/pdf/bulletin-2022-09.pdf

Credit Risk Transfer markets: An Australian Perspective

12 May 2003 Bulletin PDF 78KB
onecounterparty (known as the ‘protection seller’)agrees to compensate another counterparty(the ‘protection buyer’) if there is a creditevent, such as bankruptcy, which indicatesthat a specified company or sovereign (the‘reference
https://www.rba.gov.au/publications/bulletin/2003/may/pdf/bu-0503-2.pdf

Central Counterparty Interoperability

10 Jun 2012 Bulletin – June 2012
Nicholas Garvin
As bankruptcy laws typically impose restrictions in these areas, the ability or difficulty of instituting a cross-margining arrangement will likely depend on the broader legal framework in that jurisdiction.
https://www.rba.gov.au/publications/bulletin/2012/jun/7.html

Financial Stability Review – September 2012

24 Sep 2012 FSR – September 2012 PDF 1420KB
https://www.rba.gov.au/publications/fsr/2012/sep/pdf/0912.pdf

Wealth Management Products in China

18 Jun 2015 Bulletin – June 2015
Emily Perry and Florian Weltewitz
Wealth management products (WMPs) in China are investments that offer fixed rates of return well above regulated interest rates for deposits and are often used to fund investments in sectors where bank credit is restricted. They are typically
https://www.rba.gov.au/publications/bulletin/2015/jun/7.html

Financial Crises and Globalisation

27 Feb 2001 Bulletin PDF 109KB
peoplecould not get out of their positions quicklyenough!) or deficient transparency (investors,by some extraordinary oversight, wereunaware of cronyism, corruption or lack ofeffective bankruptcy procedures). ... Bankruptcy rules, for example, have to
https://www.rba.gov.au/publications/bulletin/1999/aug/pdf/bu-0899-3.pdf

New Measures of Credit Risk

10 Jul 2003 Bulletin – July 2003
Ivailo Arsov and Marianne Gizycki
as bankruptcy.
https://www.rba.gov.au/publications/bulletin/2003/jul/2.html

Financial Stability Review – March 2012

2 Apr 2012 FSR – March 2012 PDF 1605KB
https://www.rba.gov.au/publications/fsr/2012/mar/pdf/0312.pdf

The Macroeconomic Environment

10 Mar 2004 FSR – March 2004
The number of personal bankruptcies has also declined, although this has been partly offset by the growing use of debt agreements as an alternative to bankruptcy (see Box B for more
https://www.rba.gov.au/publications/fsr/2004/mar/mac-env.html