🔤 Act Of Bankruptcy

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URDU

دیوالیہ ہونے کا عمل، قانونی دیوالیہ پن، مالی ناکامی
🅰️ Roman Urdu:
diwaliya hone ka amal, qanooni diwaliya pan, Mali nakami
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ENGLISH

📚noun phrase
act of bankruptcy
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PRONUNCIATION

Standard: /ækt ɒv ˈbæŋkrəptsi/
Phonetic: /akt ov bang krupt see/
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DEFINITION

legal evidence of insolvency, action indicating inability to pay debts
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EXAMPLE SENTENCES

Failing to settle debts led the court to declare an act of bankruptcy. The creditor filed a petition based on the company act of bankruptcy. Transferring assets fraudulently can be treated as an act of bankruptcy. The financial audit uncovered a clear act of bankruptcy by the firm. An act of bankruptcy allows creditors to initiate formal legal proceedings.
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SYNONYMS

financial collapse insolvency legal insolvency failure to pay

ANTONYMS

financial solvency debt clearance financial stability profitability
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