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רמה: מתחילים

Insolvency And Bankruptcy

מאמר באנגלית לתרגול קריאה. כולל 5 מילים חדשות עם תרגום לעברית, 3 שאלות הבנת הנקרא, 5 שאלות לשיחה. מתאים למתחילים.

Read the article below.

When an individual or a business becomes insolvent, they are unable to pay their bills. It can happen when a person or organization is unable to pay their bills (this is known as Cash Flow Insolvency) or when the entire value of their liabilities exceeds the whole value of their assets.

Bankruptcy is the official, legal procedure that follows insolvency. A court will appoint someone to liquidate (sell) all assets and pay off as many debts as possible.

After the procedure is completed, the individual is no longer liable for the outstanding debts. However, they may have difficulty borrowing money in the future.

When a company's bankruptcy procedure is finished, the business is closed and no longer exists.

Insolvent individuals are not required to apply for formal bankruptcy. They could come up with another solution to their dilemma.

מילים חדשות מהטקסט

  • insolvent /ɪnˈsɑlvənt/ adjective פּוֹשֵׁט רֶגֶל

    (especially of a company) not having enough money to pay debts buy goods, etc.

    The company was later declared insolvent.

  • liabilities /laɪəˈbɪlɪtiz/ noun התחייבויות

    debts

    They needed to bring in a lot more cash to reduce their liabilities.

  • liquidate /lɪkwɪˌdeɪt/ verb לְחַסֵל

    to sell your investments or property to make available in the form of money

    Investors have started to liquidate their mutual funds.

  • liable /ˈlaɪəbəl/ adjective עָלוּל

    having (legal) responsibility for something or someone

    If we lose the case, we may be liable for the costs of the whole trial.

  • dilemma /dɪˈlɛmə/ noun דִילֶמָה

    a situation in which a difficult choice has to be made between two different things you could do

    Now he has been offered the other job, which puts him in a bit of a dilemma.

שאלות לשיחה

אין כאן תשובה נכונה — אלה שאלות לתרגול דיבור, לבד או מול מורה.

  1. Is it good to have some debt? Can you live without it?
  2. What are some reasons why companies file for bankruptcy?
  3. How can companies avoid filing for bankruptcy?
  4. What is the best way to stay out of debt?
  5. Do you think many people in your country have debts?

בדקו את עצמכם

3 שאלות. בחרו תשובה וקבלו בדיקה מיד.

  1. What is insolvency?

  2. A person who has filed for Bankruptcy_______?

  3. A company who has filed for Bankruptcy ________?

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