Bankrupt – Declared by law as someone who is not able pay off the money he took from people.

👉 Rahul went bankrupt only after one year into the business.

👉 The company went bankrupt because of its poor management.

Debts – A debt is a sum of money that you owe someone.

👉 Amit is deeply trapped in debt because of his bad habits.

👉 Rohan has taken up giving tuitions in the evening in an attempt to get out of debt.