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Bankruptcy
affairscloud.com /insolvency-vs-bankruptcy/
1/27/2016
It can occur that the bank or any organization or even an individual goes out of money. In this case
sometimes he cannot buy necessities for him and also it/he is not able to pay off the debts to its/his lenders.
Two terms are used for this condition of an individual or organization. These are
These terms are used interchangeably but in actual they are not
synonymous. Let us see what are these terms:
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