Bankruptcy shenanigans

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Bankruptcy shenanigans
/ˈbæŋkrəptsi ˈʃænən əˈɡɛnz/ (n.)
A collective noun to describe all the phantoms, phantasms and night sweat horrors that plague the deep oubliettes in the minds of Basel Committee members when contemplating what might happen in a foreign jurisdiction when a failing company goes through the phase transition from solvency into bankruptcy. Zero-hour rules, disappearing safe harbors, ERISA netting, mendacious cherry-picking bankruptcy administrators: any of that catalogue of hypothetical horrors that propel and justify the worldwide military-industrial netting complex.

See also

• Zero-hour rules
• ERISA netting
• Automatic Early Termination
• Cherry-picking