Bankruptcy is a legal status for individuals or businesses that cannot repay their debts
https://icite.video.blog/2024/12/05/why-it-is-important-to-seek-counsel-from-bankruptcy-lawyers-before-filing-for-bankruptcy/
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.