Bankruptcy is a legal status for individuals or businesses that cannot repay their debts

https://postheaven.net/schadhoglm/breaking-free-from-financial-debt-the-function-of-a-york-personal

Bankruptcy is a legal status for individuals or businesses that cannot repay their debts. It offers a fresh start by restructuring debts or liquidating assets, providing relief from overwhelming financial burdens and protecting against creditors.