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.