Surrenders all his assets to the court for distribution to his creditors and is unable to pay his debts

Is visiting foreign universities now and often

Surrenders all his assets to the court for distribution to his creditors and is unable to pay his debts

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Q. Bankrupt is one who

(A) Is visiting foreign universities now and often
(B) Surrenders all his assets to the court for distribution to his creditors and is unable to pay his debts
(C) Is unable to purchase things
(D) Construction industry

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