answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: When is a person declared bankrupt?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What does bankrupt mean in a sentence?

"Bankrupt" means that a person or organization is unable to pay their debts and is legally declared insolvent.


What if the individual did not declare bankruptcy prior to death but the estate is bankrupt?

If the estate is declared bankrupt by the court the heirs receive nothing and the creditors are out of luck.If the estate is declared bankrupt by the court the heirs receive nothing and the creditors are out of luck.If the estate is declared bankrupt by the court the heirs receive nothing and the creditors are out of luck.If the estate is declared bankrupt by the court the heirs receive nothing and the creditors are out of luck.


What happened to rembrandt in 1656?

declared bankrupt


Once declared how long is one bankrupt for?

U will remain bankrupt for upto 1 year.


How would you use the word bankrupt in a sentence?

While some people went bankrupt in the 1890s mini depression, many businesses went bankrupt during the Great Depression.She felt emotionally bankrupt because of her drug addiction.


Was Jon Anderson of yes declared bankrupt?

cocain


What is the meaning of bankrupt?

declared in law unable to pay outstanding debts.


What is the correct definition of a bankrupt person?

A bankrupt is a person who cannot pay his or her debts.


What successful business owners went bankrupt before they were successful?

Yes, you can get a bank account if you are bankrupt, eventhough some banks won't allow to give you an account if you've just recently declared bankruptcy. Only open a bank account after you've been declared bankrupt.


If a person owns a home can they rent the home to another person after the owners bankruptcy?

If a person owns a house they can do what they wish with it (within the law). If they are declared bankrupt and they no longer own it then they have no say in what happens with the house. It is no longer theirs.


Can an elderly person go bankrupt?

Certainly, an elderly person can go bankrupt; there is no age limit on bankruptcy.


When was Union Pacific declared bankrupt?

There were actually multiple times that the Union Pacific went bankrupt! Back in the 1870's they were caught bribing senators and went bankrupt. Another time was 1893 after it was reformed in 1880.