What is another word for eligible for bankruptcy?
Pronunciation: [ˈɛlɪd͡ʒəbə͡l fɔː bˈaŋkɹʌptsi] (IPA) 
Eligible for bankruptcy refers to a person or business's ability to file for bankruptcy based on their financial situation. Some synonyms for eligible for bankruptcy include bankruptcy-qualified, bankrupt, insolvent, and financially distressed. These terms indicate that an individual or entity is facing financial hardship and may need to seek legal protection through a bankruptcy filing. It is important to note that bankruptcy is not always the best option, and it is recommended to consult with a bankruptcy attorney for personalized advice on the best course of action for each unique situation. Overall, the terms eligible for bankruptcy serve as a reminder that financial struggles can happen to anyone and there are resources available to help.
