What is called the situation in which a debtor remains unable to pay his creditors in full ?
Correct answer: A. Bankruptcy
- A. Bankruptcy
- B. Default
- C. Total loss
- D. Crash
Explanation
Bankruptcy is the legal or financial condition in which a debtor cannot meet obligations to creditors. Default usually refers to failure to make a particular required payment, so bankruptcy better fits the broader wording.
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