Which is the most accurate definition of bankruptcy?

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02-06-2017
Advanced Placement (AP)

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Which is the most accurate definition of bankruptcy?

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kaykaydna kaykaydna · Answer 1 · 2017-06-04T00:17:53+02:00

kaykaydna kaykaydna

04-06-2017

Bankruptcy is a legal status of a person or other entity that cannot repay the debts it owes creditors. In most jurisdictions, bankruptcy is imposed by court order, often initiated by the debtor.

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