When a business has more liabilities than assets, it is said to have a negative net worth. Individuals can have a negative net worth and not necessarily have to declare bankruptcy so long as they can service their debt in installments.
Did Steve Jobs leave his daughter any money?
Lisa Brennan-Jobs, now a 42 year old author and a Harvard graduate, had a different experience growing up with her father than her half-siblings. After his death, Steve Jobs did make sure to leave Lisa with a multi-million dollar inheritance.