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Most all BKs are voluntary..done by the one owing the money. However, a, or group of creditors can request the court decalre you BK, caled an involuntary bankruptcy, which is really only done if you have not co-operated in trying to pay the debt you owe them....doing whatever you have to do (like sell things) to do so.
What else can I help you with?
Can a bank go bankrupt?
Yes, a bank can go bankrupt if it incurs significant losses and is unable to meet its financial obligations.
Is the royal bank of Scotland bankrupt?
No
What does it mean when a bank fails?
It means a bank goes out of business or goes 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.
King refused to believe that the of justice is bankrupt?
bank
What is a compound word that begins with bank?
bankrupt bankroll
When does a bank go bankrupt?
any bank becomes bankrupt if it loans r more than deposits. this is one reason. 2nd reason if its employees makes fraud.
What is I'd break you mean?
Bankrupt one ... as in 'breaking the bank'.
What does it mean when a bank is insolvent?
It means that it has not enough funds or it is bankrupt.
What does a bank do to guarantee that it can pay back depositors' money?
bankrupt
What does it mean to go bankrupt?
it means when you have no money in the bank or your broke
How many syllables are in bankrupt?
There are two syllables. Bank-rupt.
