Answer:
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Bankruptcy is a legal rank of a person or other object
that cannot reimburse debts to creditors. In here the high rate means that it
is a legal process in which a court takes over approximately of the finances of
an individual who is incapable to recompense his or her bills.
The answer is Make sure all aboard are wearing USCG-approved PFDs. And also Make sure all aboard are wearing USCG-approved life jackets. On a vessel underway, children under 13 must wear an appropriate Coast Guard-approved PFD, unless they are below decks or in an enclosed cabin. Life jackets must be Coast Guard-approved, in serviceable condition and the appropriate size for the intended user.