________ is the legal process by which a person, business, or government entity unable to meet financial obligations is relieved of those debts.
A) Emancipation
B) Financial release
C) Negligence
D) Bankruptcy

Question

Quizplus · Accepted Answer

Bankruptcy is the legal process by which individuals, businesses, or government entities who are unable to pay their outstanding debts are relieved of those debts. This process allows them to start anew financially, although it does have long-term implications for their credit scores and financial history.

________ Is the Legal Process by Which a Person, Business