Question

What is bankruptcy?

(1 point)
Responses

making more money than you spend
making more money than you spend

spending more money than you make
spending more money than you make

not being able to repay your loans
not being able to repay your loans

owing money and paying it back
owing money and paying it back

Answer 1

[AI-generated answer — Bot GPT 3.5]

not being able to repay your debts and seeking legal protection to reorganize or eliminate them.