Students with a negative net worth are essentially bankrupt.

Name: Students with a negative net worth are essentially bankrupt.
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Question

Quizplus · Accepted Answer

Having a negative net worth means that a person's liabilities exceed their assets, but it does not necessarily mean they are bankrupt. Bankruptcy is a legal process that involves the court and is about the inability to pay debts, not just having a negative net worth.

Students with a Negative Net Worth Are Essentially Bankrupt