bankruptcy.
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Inability to pay to the creditors may be called "bankruptcy". But, here, there is a distinction. One will have to consider whether the inability to repay is a temporary phase, or that the Borrower is completely failing and without any means or property. In case of temporary failing, it may be called a "default" due to circumstances beyond his control, which may not be willful default.
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Another View: Inability to pay one's creditors is known as being IN DEFAULT.
It is only after the defaulter petitions the court for protection from their creditors, AND the court rules in his favor, is it known as bankruptcy.
I believe the money called to pay to the conquering nation is called a tribute.
Massachusetts
Massachusetts
A deficit
"No taxation without representation".
mean test
The inability of an individual or entity to pay its debts when they are due is referred to as insolvency. This financial state occurs when liabilities exceed assets, making it impossible to fulfill obligations to creditors. Insolvency can lead to bankruptcy proceedings, where a legal process is initiated to address the unpaid debts, potentially involving asset liquidation or restructuring. It is a critical situation that can have significant implications for both the debtor and creditors involved.
Chapter 7 bankruptcy protects you from creditors and sells your non secured assets to pay the creditors that you owe. If you do not own an assets, you will not have to pay the creditors and the debt will be forgiven.
Intervening in Latin American countries that could not pay their debt to European creditors.
The creditors' payment period is an activity ratio. It measures the average amount of days the business takes to pay its creditors i.e. suppliers. The more days available to pay the better.
When company purchases materials from different vendors on credit, those combined creditors are called sundry creditors.
If you are a cosigner on a loan, you are responsible for the debt of the loan if the primary signed defaults on the loan. So, yes you can be called to pay on the loan by the creditors.
When you don't pay for it.
Generally, the home must be sold to pay the creditors. If the heirs want to keep the home then they must pay off the creditors.
what is the orgin of dark horse
Paper money.
yes