What are the opposite words for fraudulent bankruptcy?
Fraudulent bankruptcy is a term used to describe a situation where a person or company declares bankruptcy in order to escape their financial obligations, while not actually being insolvent. However, there are several antonyms for fraudulent bankruptcy that imply honesty and integrity. For instance, 'genuine bankruptcy' is a bankruptcy that is filed after a thorough assessment of the debtor's financial situation, and only when the debtor is truly unable to pay back their debts. Similarly, 'honest bankruptcy' implies that the debtor has made a good-faith effort to pay back their debts, but has failed due to circumstances beyond their control. Both these antonyms suggest that there is no ulterior motive behind the bankruptcy filing and reflect positively on the debtor's character.
What are the antonyms for Fraudulent bankruptcy?
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