It can accurately be said that almost all bankrupts are insolvent.

Question

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Insolvency refers to a situation in which an individual or a company is unable to pay off their debts as they fall due. Bankruptcy is a legal process that provides relief to people who are unable to meet their financial obligations. Therefore, it is accurate to say that almost all bankrupts are insolvent because they are unable to pay off their debts and have resorted to bankruptcy as a means of resolving their financial difficulties.

It Can Accurately Be Said That Almost All Bankrupts Are