Respuesta :
Leverage ratios measure the relative risk that a business setback could cause bankruptcy.
While a company is not able to honor its monetary responsibilities or make fees to its creditors, it documents bankruptcy. A petition is filed in the court for the identical in which all the excellent debts of the business enterprise are measured and paid out if not in complete from the business enterprise’s belongings.
Bankruptcy submission is a legal course undertaken with the aid of the organization to lose itself from debt obligations. debts that aren't paid to lenders in complete are forgiven by the proprietors. bankruptcy filing varies in different international locations.
In India, if you record for financial disaster it's going to now not cross down properly together with your credit score rating, which means that it could be difficult with a purpose to get a new mortgage in case you plan to begin afresh. however, it'd save you from any economic hassle.
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