Unfortunately, when the man talked to the teller at the bank, he said " Sorry Sir, but you have gone bankrupt." The CEO was unable to pay his debts, so the company went bankrupt.
The wars almost bankrupt Spain because it had massive war debts
bankrupt The above is not just incorrect entirely, but makes less tha no sense: The funds and property that may be used to meet debts, (of a bankrupt or not) are called "assets".
They are called a debtor, and they are often bankrupt.
Henry Ford went bankrupt before he founded Ford Motor Company. Ford Motor Company has never went bankrupt.
Unfortunately, when the man talked to the teller at the bank, he said " Sorry Sir, but you have gone bankrupt." The CEO was unable to pay his debts, so the company went bankrupt.
Possibly, but the water company will probably discontinue service to your house. YOU go bankrupt. Not on a bill, or a this or a that. All your debts, and all your assets are included. Generally, your assets are used to pay your debts, with any excess debts being discharged. Yes, water bills are dischargeable debts. If you go bankrupt, your house and/or other assets may be used to pay your debts.
Contact your local employment office. If the company is bankrupt then employee wages are one of the first debts paid.
When one goes bankrupt, one's debts are cancelled.
A bankrupt is a person who cannot pay his or her debts.
The wars almost bankrupt Spain because it had massive war debts
Jessops UK closed all its stores because the company could not pay its debts and went bankrupt.
A person who can not pay his or her debts
Bankrupt
1 unable to meet debts; bankrupt 2 insufficient to meet all debts; as estate or fund
declared in law unable to pay outstanding debts.
"Bankrupt" means that a person or organization is unable to pay their debts and is legally declared insolvent.