# | Concept | Culture | Statement | Freq. |
---|---|---|---|---|
1 | bankruptcy | Western countries | Bankruptcy is often seen as a failure, but the legal process provides a fresh start for individuals and businesses to reorganize and repay debts. | 1 |
2 | bankruptcy | Western countries | Bankruptcy is a legal process that allows individuals and businesses to eliminate or repay their debts under the protection of the bankruptcy court. | 1 |
3 | bankruptcy | Western countries | Bankruptcy may be seen as a fresh start, a legal process to provide relief to individuals and businesses unable to pay their debts. | 1 |
4 | bankruptcy | Western countries | Bankruptcy is governed by specific laws and procedures, providing opportunities for individuals and businesses to reorganize or liquidate their assets. | 1 |