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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
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https://en.wikipedia.org/wiki/Bankruptcy
Bankrupt is not the only legal status that an insolvent person may have, meaning the term bankruptcy is not a synonym for insolvency
https://en.wikipedia.org/wiki/Probate
It is possible to get a professional executor to renounce their role, meaning they will have no part in dealing with the estate; or to reserve their power, which means the remaining executors will carry out the related duties, but without the involvement of the professional executor
https://en.wikipedia.org/wiki/Trust_law
Trustees have a fiduciary duty to manage the trust for the benefit of the equitable owners
https://en.wikipedia.org/wiki/Estate_planning
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https://en.wikipedia.org/wiki/Power_of_attorney
An attorney has power to act on behalf of the person; this power can be misused, for example, to steal the assets of a person who may be vulnerable (e
https://www.uscourts.gov/services-forms/bankruptcy
Court Programs
Bankruptcy Bankruptcy helps people who can no longer pay their debts get a fresh start by liquidating assets
https://www.irs.gov/businesses/small-businesses-self-employed/estate-tax
gov website belongs to an official government organization in the United States
Sites: en.wikipedia.org (5) · www.uscourts.gov (1) · www.irs.gov (1)