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Go Into Bankruptcy শব্দের বাংলা অর্থ: দেউলিয়া হত্তয়া
Go Into Bankruptcy Meaning In Bengali দেউলিয়া হত্তয়া
Go Into Bankruptcy
Definition
1) To officially declare that a business or individual is unable to repay their debts and seeks protection from creditors through a legal process.
2) A financial state in which a company or individual is unable to pay their debts and is required to undergo a legal process to resolve their financial obligations.
3) The act of filing for bankruptcy, which involves a court-supervised process to restructure or eliminate debts in order to obtain financial relief.
Examples
Go Into Bankruptcy Example in a sentence
1) The company's financial troubles ultimately forced them to go into bankruptcy.
2) Without proper financial management, many small businesses go into bankruptcy within the first few years.
3) The economic recession caused many families to go into bankruptcy as they struggled to make ends meet.
4) It's important to seek professional help if you feel your business is on the brink of going into bankruptcy.
5) Some individuals choose to declare themselves bankrupt rather than allowing their debt to spiral out of control.
6) Unexpected medical bills can be a significant factor in causing individuals to go into bankruptcy.
7) The failing retail sector has seen a number of well-known stores go into bankruptcy in recent years.
8) Even with careful planning, some startups may still go into bankruptcy if market conditions are unfavorable.
9) A major lawsuit can sometimes push a company to go into bankruptcy if they are unable to cover the costs.
10) Seeking early intervention from financial advisors can help prevent a business from going into bankruptcy.
Part of Speech
Go Into Bankruptcy (Noun)
Synonyms
Encyclopedia
To officially declare that a business or individual is unable to repay their debts and seeks protection from creditors through a legal process.
A financial state in which a company or individual is unable to pay their debts and is required to undergo a legal process to resolve their financial obligations.
The act of filing for bankruptcy, which involves a court-supervised process to restructure or eliminate debts in order to obtain financial relief.
