What does the high rate of bankruptcy suggest about the average person's understanding of personal finance?

Question

asked Aug 23, 2019 124k views

1 Answer

Romario · Answer 1 · 2019-08-27T11:28:27+0000

Bankruptcy is a legal rank of a person or other object that cannot reimburse debts to creditors. In here the high rate means that it is a legal process in which a court takes over approximately of the finances of an individual who is incapable to recompense his or her bills.

What does the high rate of bankruptcy suggest about the average person's understanding of personal finance?

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions