bankruptcy
Definition
The legal status of a person or organization that is unable to repay its debts; financial insolvency.
한국어 채무를 갚을 수 없는 법적 상태; 재정 파산
Example
"Filing for bankruptcy allowed her to restructure her overwhelming debt."
The legal status of a person or organization that is unable to repay its debts; financial insolvency.
한국어 채무를 갚을 수 없는 법적 상태; 재정 파산
"Filing for bankruptcy allowed her to restructure her overwhelming debt."