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Legal and natural persons, including individual entrepreneurs, who have an indisputable payment obligation exceeding 60 days and amounting to more than one million AMD can be declared bankrupt
from the top result below
https://en.wikipedia.org/wiki/Bankruptcy
If a man owed and he could not pay, he and his wife, children or servants were forced into "debt slavery" until the creditor recouped losses through their physical labour
https://en.wikipedia.org/wiki/Estate_planning
Federal income tax purposes, a life insurance trust could be used to pay estate taxes
https://en.wikipedia.org/wiki/Probate
free encyclopedia
Proving of a will
Not to be confused with Probation
https://en.wikipedia.org/wiki/Trust_law
Some breaches can be charged and tried as criminal offenses
https://en.wikipedia.org/wiki/Power_of_attorney
The one authorized to act is the agent,[1] attorney, or in some common law jurisdictions, the attorney-in-fact
https://www.uscourts.gov/services-forms/bankruptcy
Court Role and Structure The judicial branch is one of the three separate and distinct branches of the federal government
https://www.irs.gov/businesses/small-businesses-self-employed/estate-tax
The fair market value of these items is used, not necessarily what you paid for them or what their values were when you acquired them
Sites: en.wikipedia.org (5) · www.uscourts.gov (1) · www.irs.gov (1)