Answer:
FALSE
Explanation:
Bankruptcy is a legal situation in which a person or company declares that they have no financial capital to meet their obligations. This is a process that must be authorized by a judge. When bankruptcy is filed, the assets of the company / person filing for bankruptcy are frozen so that they can later be used to pay off part of the company's debts. For example, if a company goes bankrupt and does not pay suppliers and employees. The assets of the bankrupt business owners may be used to pay those who have been injured.
