Bankruptcy.
Bankruptcy refers the situation of any organization which is inability of performing its operation or in ability of paying to creditors or impairment of ability of its individuals.
It the organization is inability of paying to its creditors the interest then they may file a case against the organization and the court of particularly country makes decision of bankruptcy.
In the majority of cases , however , bankruptcy is initiated by the debtor of the organization.
There are many reasons of bankruptcy , some of the major reasons are investment of company in high risk factor , equipping inefficient staff in the managerial posts , country policy changed drastically , and similar others.
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