- the state of being or becoming bankrupt.
- utter ruin, failure, depletion, or the like.
Origin of bankruptcy
Examples from the Web for bankruptcy
Real Housewives of New Jersey star Teresa Giudice turned herself in to serve a 15-month sentence for bankruptcy fraud.How a ‘Real Housewife’ Survives Prison: ‘I Don’t See [Teresa Giudice] Having a Cakewalk Here’
January 6, 2015
Slim turned Bush down, and Lehman filed for bankruptcy in September 2008, just weeks before the presidential election.Bush, Christie, Romney: Who’ll Be the GOP Class Warrior?
December 15, 2014
So while mourning the closing of De Robertis, consider that we might someday mourn the bankruptcy of whatever chain replaces it.De Robertis, a New York Great, Bids Farewell
December 4, 2014
Blondin is a bankruptcy lawyer, like Warren, and has known her for decades.Obama’s 2008 Backers: We’re Ready for Warren
October 9, 2014
After the bankruptcy of Mt. Gox, the Japanese police opened an investigation into this case.Vilified Bitcoin Tycoon After Losing $500 Million: My Life Is at Risk
September 17, 2014
Bankruptcy was not the only art by which Badman piled up his fortune.Bunyan
James Anthony Froude
“The era of religious influence closes in bankruptcy,” he informs us.Mountain Meditations
Her business was going to wreck, and bankruptcy seemed impending.His Masterpiece
It is only too true that your father stood on the verge of bankruptcy.The Crevice
William John Burns and Isabel Ostrander
The bankruptcy proceedings had exhausted all the laughter there was in it.Chance
- the state, condition, or quality of being or becoming bankrupt
Word Origin and History for bankruptcy
1700, from bankrupt, "probably on the analogy of insolvency, but with -t erroneously retained in spelling, instead of being merged in the suffix ...." [OED]. Figurative use from 1761.
Legally declared insolvency, or inability to pay creditors.