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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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Why Do Companies Fail?

24 Nov 2016 RDP 2016-09
Rose Kenney, Gianni La Cava and David Rodgers
Research Discussion Paper – RDP 2016-09 Why Do Companies Fail? Rose Kenney, Gianni La Cava and David Rodgers. November 2016. 1. MB. balance sheet, debt, financial markets, financial stability. We explore the determinants of corporate failure in
https://www.rba.gov.au/publications/rdp/2016/2016-09.html

References

30 Nov 2016 RDP 2016-09
Rose Kenney, Gianni La Cava and David Rodgers
Becchetti L and J Sierra (2003), ‘Bankruptcy Risk and Productive Efficiency in Manufacturing Firms’, Journal of Banking & Finance, 27(11), pp 2099–2120. ... Shumway T (2001), ‘Forecasting Bankruptcy More Accurately: A Simple Hazard Model’, The
https://www.rba.gov.au/publications/rdp/2016/2016-09/references.html

Why Do Companies Fail?

1 Nov 2016 RDP 2016-09
Rose Kenney, Gianni La Cava and David Rodgers
https://www.rba.gov.au/publications/rdp/2016/2016-09/full.html

Institutional Background

30 Nov 2016 RDP 2016-09
Rose Kenney, Gianni La Cava and David Rodgers
Under Australian law, the term ‘insolvency’ is usually used with reference to companies, and ‘bankruptcy’ is used in relation to individuals.
https://www.rba.gov.au/publications/rdp/2016/2016-09/institutional-background.html