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What is bankruptcy?

Financial Risk Economics
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Question added by Vincent Uwitonze , credit officer , AB BANK RWANDA LTD
Date Posted: 2015/11/15
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Moin Nawaz Shaikh
by Moin Nawaz Shaikh , Senior Manager , Société Générale

It is a situation when an individual or a corporate is unable to pay its financial obligations. In countries like US, is usually required to be filed in a court of law.

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