Alphonse owes huge debts to many creditors.A month before filing for bankruptcy,he distributes all of his assets to his church.Discuss the case.

Bankruptcy

A legal status for individuals or entities that cannot repay the debts they owe to creditors, leading to a legal process to resolve unpaid debts.

Assets

Resources owned by individuals or companies expected to provide future benefits, including cash, properties, and investments.

Creditors

Creditors are individuals or entities to whom money is owed by debtors or borrowers.