bankruptcy
Americannoun
plural
bankruptcies-
the state of being or becoming bankrupt.
-
utter ruin, failure, depletion, or the like.
noun
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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.
Other Word Forms
- prebankruptcy noun
Etymology
Origin of bankruptcy
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Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Years later, that same company came within days of bankruptcy.
Early that year, Nikola, the hydrogen truck company Milton had founded, filed for bankruptcy.
Contracted runners were promised lucrative prize money and salaries in the competition's inaugural season, but the final event was cancelled and organisers later voluntarily filed for bankruptcy in the US.
From BBC
The financial venture is personal for Donaldson, who told “The Diary of a CEO” podcast last year that his family struggled with money and filed for bankruptcy protection during the 2008 housing crisis.
From MarketWatch
FAT Brands also tapped cash meant to repay lenders to fund company expenses and recently sold stock in its Twin Peaks franchise without approval from the presiding bankruptcy court.
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
