Bankruptcy is generally an indication that a debt is worthless.

Name: Bankruptcy is generally an indication that a debt is worthless.
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

Bankruptcy is a legal process where an individual or organization declares that they are unable to pay their debts. This is usually an indication that the debts are so large that they can't be paid back or that the debtor has no realistic chance of repaying the debt in the future. In other words, the debt is considered to be worthless.

Bankruptcy Is Generally an Indication That a Debt Is Worthless