bankruptcy
Americannoun
PLURAL
bankruptcies-
the state of being or becoming bankrupt.
-
utter ruin, failure, depletion, or the like.
noun
"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012Discover More
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.
Meanwhile, Lynch, the Miami-based investor, had been asking the U.S. government to allow him to bid on the sabotaged Nord Stream Pipeline 2 if it came up for auction in a Swiss bankruptcy proceeding.
Without it, many councils have warned they face rising costs and even bankruptcy.
From BBC
Describing his current financial situation as “not great,” Spacey said that he did manage to avoid filing for bankruptcy, although he conceded that it had been “discussed” as an option.
From MarketWatch
Northvolt was seen as a cornerstone in European efforts to catch up with Chinese battery producers before production delays and its mounting debts led it to declare bankruptcy in March.
From Barron's
Already this fall: Palo Verde Hospital in Blythe filed for bankruptcy and Southern Inyo Hospital in Lone Pine sought emergency funds.
From Los Angeles Times
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.
