Bankruptcy

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Notice o closur attached tae the duir o a Computer Shop ootlet the day efter its parent company declared "bankruptcy" (strictly, put intae admeenistration) in the Unitit Kinrick

Bankruptcy is a legal status o a person or ither entity that canna repay the dets it awes tae creeditors. In maist jurisdictions, bankruptcy is imponed bi a coort order, eften ineetiatit bi the dettor.