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

http://damienvyui754.cavandoragh.org/navigating-financial-liberty-how-an-insolvency-lawyer-in-york-can-aid-you-begin-fresh

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.