"Debt bankruptcy" refers to a situation where an individual or company is unable to pay back the money they owe, leading to a legal process where their debts are forgiven or restructured. It is a form of financial insolvency where someone is declared unable to meet their financial obligations and seeks legal protection to resolve their debts.
Full definition
Synonyms for individual words can be found below.
«debt»
«bankruptcy»
Sentences with «debt bankruptcy»
- And, as you may already know, there are limits to how much debt bankruptcy can help you eliminate. (totalbankruptcy.com)
- It may not be easy to qualify for a tax debt bankruptcy discharge, but it definitely is possible, and this is perhaps the most powerful way to settle your IRS debt. (forgettaxdebt.com)
- If you choose to pursue a Chapter 13 tax debt bankruptcy discharge, then you'll only be eligible to have a portion of your tax debt forgiven, but it'll be far easier to win in court (because the requirements are far more relaxed). (forgettaxdebt.com)
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