answersLogoWhite

0

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

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

Correct definition of a person who is bankrupt?

A person who can not pay his or her debts


Choose the correct definition of a person who is bankrupt?

a person who cannot 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.


Choose the correct definition of a bankrupt person.?

A bankrupt person is an individual who is legally declared unable to pay their outstanding debts. This status typically arises when their liabilities exceed their assets, leading to a court proceeding that may involve the liquidation of assets to repay creditors. Bankruptcy provides a legal framework for debt relief and often allows for a fresh financial start.


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


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?

His business went to the dogs and he was declared bankrupt. He was unable to pay his debt and was declared bankrupt. His creditors got nothing as he was declared bankrupt.


What is the meaning of morally bankrupt?

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


How do you spell definesion?

The correct spelling is "definition."


Correct definition for the term subject?

A.A noun or pronoun that identifies the person, place, or thing that the sentence is about.