Question
________is a legal proceeding involving a person or
business that is unable to repay outstanding debts.Solution
Insolvency is the financial state of a being where the Individual or Company or family has lost the capability to pay off their debts to the creditors. Bankruptcy is termed as a legal declaration of insolvency. Bankruptcy is a legal process that happens when the individual declares he or she can no longer pay back his or her debts to creditors. Insolvency is just the state where the financial inability is reached whereas bankruptcy is the realization and announcement of that the state of being insolvent. Liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. It is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations when they are due.
Select the most appropriate option to fill in the blank
It was ______ who encouraged me while I was sunk in despair.
Despite several British attempts to persuade them, the Dutch Republic refused __________ their former allies in the war and remained neutral.
Once transportation across long distances made other vegetables easily available, we ______ what was available in our backyards.
(A) The new policy will ___________ the existing norms and bring more clarity to the process.
(B) Proper training is required to ___________ the ...
The boys had just ________ their first bite, when they ____________ a sobbing sound ________ from the other side of some bushes. Dan ran _____ the sound...
The ______________ fabric should not be washed in hot water.
She _______ _______ than intelligent.
The villas stand tall ______ coconut groves.
Fill in the blanks by choosing the correct connector from the alternatives given below each sentence.
The rent being very high he will not t...
Choose the most suitable option to fill in the blanks in the sentences below.
The project became so expensive that we had __________.
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