Iva vs. Bankruptcy — What's the Difference?

Any of various coarse shrubby plants of the genus Iva with small greenish flowers; common in moist areas (as coastal salt marshes) of eastern and central North America

Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.

The state of being bankrupt.

A legal proceeding that allows for a person or entity to be declared bankrupt.

The system of adjudication that declares instances of bankruptcy

A legally declared or recognized condition of insolvency of a person or organization.

The state of being actually or legally bankrupt.

The act or process of becoming a bankrupt.

Complete loss; - followed by of.

A state of complete lack of some abstract property;

Inability to discharge all your debts as they come due;

A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy