The FindLaw Legal Dictionary -- free access to over 8260 definitions of legal terms. Search for a definition or browse our legal glossaries.
pre-packaged bankruptcy n
: a bankruptcy plan that has been negotiated between the debtor and creditors prior to the debtor's filing for bankruptcy
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.