Final answer:
In the case of business failure, debt does need to be repaid. When a business fails, it may be unable to generate enough revenue to cover its expenses, including debt repayments.
Step-by-step explanation:
In the case of business failure, debt does need to be repaid. When a business fails, it may be unable to generate enough revenue to cover its expenses, including debt repayments. This can result in the business defaulting on its debt obligations. However, it's important to note that debt does not need to be repaid by individuals or governments facing financial difficulties as it depends on the circumstances and agreements made with lenders.