Bankruptcy Refers to The

Bankruptcy refers to the:

A) negative effect felt by a company when it is found out that a company has done something not in accord with good business practices.
B) extreme form of business termination that uses a legal method for closing a business and paying off creditors when a business is failing and the debts are substantially greater than the assets.
C) process through which venture capitalists invest in floundering firms in the hope that they will turn around.
D) choice between making money or controlling and running a business.
E) sudden decision to hand over a debt-ridden business to a family member.