The financial state of having more debt than assets means,you are
A)rich.
B)profitable.
C)bankrupt.
D)solvent.

Question

Quizplus · Accepted Answer

Having more debt than assets is the definition of being bankrupt. This means that a person or organization cannot pay their debts and may need to file for bankruptcy or seek financial assistance. Being rich or profitable means having more assets than debt, while being solvent means having enough assets to pay off all debts.

The Financial State of Having More Debt Than Assets Means,you