BKRPT stands for various terms. Discover the full forms, meanings, and possible interpretations of BKRPT across different fields and industries.
The legal process that a person or firm goes through if they are unable to pay their debts. The process seeks an orderly sharing of the losses by creditors and a chance to start fresh, usually after some delay, for the debtor. No such process exists for national governments or countries, exacerbating the problems of debt crisis and financial crisis.
BankingBusiness & FinanceGovernmentGovernmental & MilitaryLegalMortgageLast updated: