Answer:
Options B & D
Explanation:
Bankruptcy refers to a situation where by a people cannot pay their debts. It involves a legal process.
Option B and D are true.
Many major cities have avoided bankruptcy by being placed under the control of financial control boards by their state governments. As such it they are declared bankrupt by a court are brought under the control of independent trustees whose primary objective is to ensure that obligations to bondholders are satisfied in full.
- A: Per the federal bankruptcy code, a municipality can be declared bankrupt but not insolvent is not true because if you are declared bankrupt, it implies that you are either not paying you loan as due or have stopped paying for a while and it also means you are insolvent. A government can be bankrupt if they cannot pay their debts.
Answer:
Culture
Explanation:
Disney used this medium to bring American culture to this regions.
