Define status and role
Define status and role, explain the difference between the two, provide illustrations.
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Status can be defined as the position or a level that an individual has attained in a society. The status changes in according to the change in social values. For example: An individual has attained a status of a teacher due to his qualification. Role is defined as the behavior expected out of a particular individual who occupies a particular position. Example: The role of a teacher is to deliver lectures, prepare examinations and to assign homework. At the same time they need to be honest, diligent and responsible.
A legal process that allows a debtor, either a person or a business, to redundant some or all of the debt. The normal process involves selling asset and using the proceeds to pay off creditors in an order and/or in an amount determined by a judge. Some types of bankru
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