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Ilham Mohammed's image  
Answer added by  Ilham Mohammed, Senior Accountant , gulf center for foodstuff
10 years ago

when total asset can not meet the total liabily it mean company got bankrupt.

Kaushik Bhaskar's image  
Answer added by  Kaushik Bhaskar, Senior Specialist, Altisource Business Solution
10 years ago

A legal proceeding Involving a person or a business that is unable to repay outstanding debts. - Bankruptcy process begins with a petition filed by a Debtor or on behalf ... See More