bankrupt

Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.
Bankrupt is not the only legal status that an insolvent person may have, meaning the term bankruptcy is not a synonym for insolvency.

View More On Wikipedia.org
  1. DelBoy

    What happens When a Car Company Goes Bust

    So I have been listening to general stuff on the internet, and I was wondering what would happen if you bought a new car with all the bells and whistles on, connected to a company server and that company went bust, is there any protection for this or is it tough you have a brick buy another one!!!!!
Back
Top Bottom