What does bankruptcy remote mean?

bankruptcy remote meaning in Law Dictionary

How a company compares its status to another organization in the same team. It prevents debt settlement from becoming taken in by the team. This works well with a recognised company maybe not begin ups.

bankruptcy remote meaning in Business Dictionary

an easy method in which contrast of this financial position or condition of 1 organization to others inside the exact same corporate team occurs. It stops others from seeking debt settlement from those inside their business team. This method is normally applied to well established businesses as opposed to start up organizations.