Bankruptcy: What does it mean?

3 minutes

Bankruptcy is another term for personal insolvency, that is you’re unable to pay your debts. Find out more in our Jargon Buster video on Bankruptcy.

Bankruptcy is a legal process by which people can seek relief from debts they’re unable to repay. Many people think of it as a way to make a fresh start however it can have lingering effects. Find out more about Bankruptcy by watching this jargon busting video.

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Davidson Institute

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