concept   bankruptcy

4 commonsense assertions
Cultures (4) United States (1) Western countries (1) East Asia (1) Stigma (1)
# Concept Culture Statement Freq.
1 bankruptcy United States Bankruptcy is a legal process in the United States for individuals and businesses to reorganize or eliminate debts and start anew. 4
2 bankruptcy Western countries Bankruptcy in Western countries is a legal process for individuals and businesses to reorganize or repay debts for relief and a fresh start. 4
3 bankruptcy East Asia Bankruptcy in East Asia is often viewed as a personal and family shame with strong cultural stigma. 1
4 bankruptcy Stigma Bankruptcy is culturally stigmatized and considered a personal failure. 1