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Insolvency versus bankruptcy (HL)

Insolvency versus bankruptcy (HL only) (AO2)"An expenditure of words without income of ideas will lead to intellectual bankruptcy."- Ravi Zacharias (1946 - 2020), author and religious leaderInsolvency refers to the situation where a person or a business is unable to meet their bill and other debt obligations. The debts (liabilities) of the individual or organization exceed their assets. The situation, if not managed...

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