Bankruptcy is a legal status for individuals or businesses that cannot repay their debts

https://postheaven.net/baniusanfc/breaking-devoid-of-financial-obligation-the-duty-of-a-york-pa-insolvency

Bankruptcy is a legal status for individuals or businesses that cannot repay their debts. It offers a fresh start by restructuring debts or liquidating assets, providing relief from overwhelming financial burdens and protecting against creditors.