How is termed the legal proceeding in which debtor remains unable to pay his creditors in full?

804Active Users

804Active Users

399EconomicsMedium

ACrash

BBankruptcy

CDefault

DTotal loss

Correct answer

B. Bankruptcy

Explanation

The correct answer is Bankruptcy.

How is termed the legal proceeding in which debtor remains unable to pay his creditors in full? - Answer and Explanation | Academy of Pakistan