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| insolvency or bankruptcy (Although sometimes used indiscriminately to mean insolvency, the terms have distinct legal significance. Insolvency, as used in most legal systems, indicates the inability to meet debts. Bankruptcy, on the other hand, results from a legal adjudication that the debtor has filed a petition or that creditors have filed a petition against him. Britannica Alexander Demidov) | |||
| неплатёжеспособность или несостоятельность: 3 phrases in 1 subject |
| General | 3 |