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a person who cannot pay his or her debts

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Q: Choose the correct definition of a person who is bankrupt?
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Related questions

What is the correct definition of a bankrupt person?

A bankrupt is a person who cannot pay his or her debts.


Correct definition of a person who is bankrupt?

A person who can not pay his or her debts


What is the definition of a bankrupt person?

A bankrupt person is one who cannot pay his debts. Bankruptcy laws sometimes allow indebtedness to be legally discharged when it is unlikely to ever be repaid.


What is the definition of promotional strategy?

The definition of promotional strategy is when you choose to market and formulate a promotion to influence a person's decision.


Can an elderly person go bankrupt?

Certainly, an elderly person can go bankrupt; there is no age limit on bankruptcy.


correct definition of sensitivity?

a person's feelings which might be easily offended or hurt


Choose the definition that fits this term.random sample?

an equal chance of being selected for each person


A person who is unable to pay his debt?

bankrupt


How do you use the word bankrupt in a sentence?

A person bankrupt money from the bank, so the polices were trying to find him.


What does bankrupt mean in a sentence?

"Bankrupt" means that a person or organization is unable to pay their debts and is legally declared insolvent.


What is the meaning of morally bankrupt?

A person is morally bankrupt if his actions display a complete disregard for ethical values or principles.


Can a bankrupt person sign a lease for business?

yes they can