🔤 Act Of Bankruptcy ✨
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URDU
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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
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ANTONYMS
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