The complete loss of one's assets or wealth, often as a result of financial failure or poor management of resources.
A legal process that occurs when a debtor is unable to repay outstanding debts, involving the equitable distribution of the debtor's total assets among all creditors through a judicial procedure.
A state in which an individual or business can no longer fulfill their financial obligations, leading to formal proceedings to resolve the situation by dividing available resources among those owed money.
Example:
かけごとのために彼は破産した。
A set of legal regulations that govern the processes and procedures involved when an individual or entity cannot meet their financial obligations, ensuring fair treatment of creditors and opportunities for debtors to revive their economic circumstances.
Legislation established to outline the rights and responsibilities of parties during bankruptcy proceedings, focusing on the orderly liquidation of assets and the structured approach to restoring financial stability for those in debt.
Laws enacted to provide clear guidelines for the resolution of insolvency situations, detailing how debts are settled and how bankrupt individuals or organizations can seek a fresh start in their financial lives.
A person who is unable to meet their financial obligations, resulting in a legal status that allows for the restructuring or elimination of debts.
An individual who has experienced a financial collapse, leading to the inability to pay debts and a formal declaration of insolvency.
A formal declaration by a court that a person or entity is unable to meet their financial obligations and will undergo bankruptcy proceedings.
An official ruling that initiates legal processes to address insolvency, providing a framework for debt resolution and the distribution of the debtor's assets among creditors.
The court's announcement that a debtor has been legally deemed bankrupt, signaling the start of treatments for settling debts in accordance with bankruptcy law.
A state of financial insolvency resulting from an inability to repay debts accumulated through the use of credit cards, leading to formal bankruptcy proceedings.
The condition where an individual encounters financial collapse specifically due to overwhelming obligations arising from credit card usage.
A scenario in which a person's excessive reliance on credit cards culminates in an inability to meet repayment responsibilities, forcing them into personal bankruptcy.
Financial distress that occurs when credit card debts become unmanageable, resulting in a legal declaration of bankruptcy.