A legal status for a person or entity that cannot repay the debts it owes, initiated by the individual or company.

स्वेच्छिक दिवालियापन

English Usage: Many individuals choose voluntary bankruptcy as a way to relieve their financial burdens.

Hindi Usage: कई व्यक्ति अपने वित्तीय बोझ को हल्का करने के लिए स्वेच्छिक दिवालियापन का चयन करते हैं.