What is Bankruptcy?

Lovey12327 May, 2021Finance

Bankruptcy is a tension relief process by the banks for organizations, individuals or in simple words, we can say that it is the way to reduce financial burden by taking strong legal action against bankrupts. Bankruptcy is not good but it is the only way to protect ourselves to pay all the debts after trying all the other methods. It is not good for reputation, it will be hard to create goodwill in business.