👉 In the context of law and economics, bankruptcy refers to a situation where an individual or business cannot pay their debts as they fall due. This can occur for various reasons such as无力偿还债务、破产或被法院判决强制执行。在法律上，如果一个人或公司不能按照合同规定支付其应付款项，他或她将被视为“无能力”或“无法偿还”，从而进入破产程序。 破产通常是经济危机中的常见现象，当企业或个人的财务状况
