Bankruptcy
Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. A declared state of bankruptcy can be requested by creditors in an effort to recoup a portion of what they are owed; however, in the overwhelming majority of cases, the bankruptcy is initiated by the bankrupt individual or organization.
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~ Table of Content ~
| ► | Introduction |
| ► | Purpose |
| ► | History |
| ► | Bankruptcy fraud |
| ► | Bankruptcy in Canada |
| ► | Bankruptcy in the United Kingdom |
| ► | Bankruptcy in the United States |
| ► | See also |
| ► | External links |
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