bankruptcy
[bangk-ruhpt-see, -ruh p-see]
- the state of being or becoming bankrupt.
- utter ruin, failure, depletion, or the like.
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Origin of bankruptcy
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples from the Web for bankruptcy
Contemporary Examples
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’Michael Howard
January 6, 2015
Slim turned Bush down, and Lehman filed for bankruptcy in September 2008, just weeks before the presidential election.
So while mourning the closing of De Robertis, consider that we might someday mourn the bankruptcy of whatever chain replaces it.
Blondin is a bankruptcy lawyer, like Warren, and has known her for decades.
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 RiskNathalie-Kyoko Stucky
September 17, 2014
Historical Examples
Bankruptcy was not the only art by which Badman piled up his fortune.
BunyanJames Anthony Froude
“The era of religious influence closes in bankruptcy,” he informs us.
Mountain MeditationsL. Lind-af-Hageby
Her business was going to wreck, and bankruptcy seemed impending.
His MasterpieceEmile Zola
It is only too true that your father stood on the verge of bankruptcy.
The CreviceWilliam John Burns and Isabel Ostrander
The bankruptcy proceedings had exhausted all the laughter there was in it.
ChanceJoseph Conrad
bankruptcy
- the state, condition, or quality of being or becoming bankrupt
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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
Word Origin and History for bankruptcy
n.
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.
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Online Etymology Dictionary, © 2010 Douglas Harper
bankruptcy
Legally declared insolvency, or inability to pay creditors.
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Note
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.
Note
An individual who is lacking a specific resource or quality is sometimes said to be bankrupt, as in intellectually bankrupt or morally bankrupt.
The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.