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

https://connerdrfs576.yousher.com/the-course-to-financial-recuperation-exactly-how-an-insolvency-attorney-in-york-can-guide-you

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.