˜yÐÄvlog

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bankruptcy

[ bangk-ruhpt-see, -ruhp-see ]

noun

plural bankruptcies.
  1. the state of being or becoming bankrupt.
  2. utter ruin, failure, depletion, or the like.


bankruptcy

/ ˈbæŋkrʌptsɪ; -rəptsɪ /

noun

  1. the state, condition, or quality of being or becoming bankrupt
“Collins English Dictionary — Complete & Unabridged†2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

bankruptcy

  1. Legally declared insolvency, or inability to pay creditors .
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Notes

If an individual or a corporation declares bankruptcy, a court will appoint an official to make an inventory of the individual's or corporation's assets and to establish a schedule by which creditors can be partially repaid what is owed them.
An individual who is lacking a specific resource or quality is sometimes said to be bankrupt, as in intellectually bankrupt or morally bankrupt.
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Other ˜yÐÄvlog Forms

  • ±è°ù±ð·²ú²¹²Ô°ì۳ܱè³Ù·³¦²â noun plural prebankruptcies
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˜yÐÄvlog History and Origins

Origin of bankruptcy1

First recorded in 1690–1700; bankrupt + -cy
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Compare Meanings

How does bankruptcy compare to similar and commonly confused words? Explore the most common comparisons:

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Example Sentences

Examples have not been reviewed.

They enter old age with little or no savings, medical problems without adequate coverage, a necessity to work in order to eat and have a place to live, and, unsurprisingly, increasing rates of bankruptcy filings.

From

Forever 21, an early leader in fast fashion, couldn’t compete with the likes of Zara, H&M and Shein and filed for bankruptcy for a second time last month.

From

Donald Trump may be overseeing and intensifying a planetary bankruptcy, a kind of decline and fall that hasn’t been part of the human experience until now.

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Farmers were hammered by retaliatory tariffs during Trump’s first term as badly as the rest of us will be damaged in his second; farm bankruptcies soared, as did Farm Belt suicides.

From

Those claims running into three quarters of a billion pounds were one of the driving factors that pushed the council into effective bankruptcy in 2023.

From

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