In Legal Terms, Unable to Pay Debts

This page is the CodyCross answer for the clue below from The 70's, Group 331, Puzzle 5 (Mork and Mindy).

Question is: In Legal Terms, Unable to Pay Debts

and the answer is: BANKRUPT

Word Meaning:

BANKRUPT — (finance, of a person, company, etc.) In a condition of bankruptcy; unable to pay outstanding debts or meet financial obligations; specifically, having been legally declared insolvent.

Definitions from Wiktionary.

In Legal Terms, Unable To Pay Debts - The 70's CodyCross Answers | CodyCross Solutions