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Is the emergency loan of enterprise competition simulation contest bankrupt?
An emergency loan is not bankruptcy.

Loan means that banks, credit cooperatives and other institutions lend money to units or individuals who use money, and generally agree on interest and repayment date.

Urgency means that things are serious and urgent, and we must take immediate action.

Bankruptcy refers to a legal system in which the creditor or debtor requests the court to declare bankruptcy and repay the debt according to the bankruptcy procedure when the debtor is unable to repay the debt or insolvent.

The narrow bankruptcy system only refers to the bankruptcy liquidation system, and the broad bankruptcy system also includes the reorganization and reconciliation system.

In most cases, bankruptcy refers to an enterprise behavior and economic behavior.

People are sometimes used to calling for the bankruptcy of individuals or companies.