Bankruptcy

Bankruptcy is a state of being bankrupt. Such a person or organization is unable to pay their debts, and can be declared bankrupt by a competent Court. All his assets are then taken over by the court for distribution to his creditors.

Bankruptcy is also a total lack of any particular quality or value, such as bankruptcy of mind.

Nearby pages
Banksia, Bankster, Bankura District, Bankura Lok Sabha Constituency, Bankura Vidhan Sabha Constituency