Probably yes.
Bankruptcy is normally voluntary, however if your creditors feel it is required for them to get paid and you refuse, they can force it - an involuntary bankruptcy.
Sometimes, due to abrupt financial circumstances, a business may have problems with their finances. If a business has problems with finances, they can start by speaking with their creditors to see if they can get more time to pay their bills, another way is to reduce their work force, to have more money to pay their bills, and another option is to file for insolvency, or bankruptcy.
They can't force you into bankruptcy, that is a choice you have to make based on your ability to pay your debtors. When a car is repossessed it is sold and you have to pay the difference between what you owe and the cars sale price.
No, the Air Force Academy is NOT a business. It is a government funded college for the procurement of Air Force officers.
No, a company in receivership cannot be forced into bankruptcy because the company is already under the control of a court-appointed receiver. The receiver's role is to manage the company's assets and operations to protect the interests of creditors. If the receiver determines that bankruptcy is necessary, they can petition the court for bankruptcy proceedings, but it cannot be forced upon them.
No, the gods in Hinduism are not partners. Eastern philosophy has much less personal view of God than do Westerners. That is, God is not a person, He is a force, and that force manifests itself in different forms.
If the lender agrees, of course you can remodify, but you cannot force the lender to modify the terms.
You need to contact the trustee in bankruptcy. The bankrupt hasn't "given up their interest" unless they have already executed a deed. Their interest may be subject to the bankruptcy proceeding.
Covalent bond
Covalent bond
No
No, discharged debt is considered a forgiveness of debt and not a bankruptcy. Bankruptcy can only happen as a result of bankruptcy court procedure. Certain loans can be discharged due to hardship or disability, especially if there is an insurance policy in force to cover such a situation. When a loan is forgiven due to hardship or disability, the debtor's credit rating is usually not affected.