the state of being or becoming bankrupt.
utter ruin, failure, depletion, or the like.
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- pre·bank·rupt·cy, noun, plural pre·bank·rupt·cies.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use bankruptcy in a sentence
A Delaware judge on Friday gave the green light to Simon to become part owner of Brooks Brothers, the two-centuries-old menswear retailer that was tipped into bankruptcy last month by the coronavirus pandemic.America’s Largest Shopping Mall Owner Gets a New Tenant: Itself | Daniel Malloy | August 20, 2020 | Ozy
A huge portion of consumer bankruptcies involve at least some amount of gambling that occurs.The Economics of Sports Gambling (Ep. 388 Rebroadcast) | Stephen J. Dubner | August 20, 2020 | Freakonomics
During the first half of 2020, total bankruptcy filings — the vast majority of which were by individuals — were actually down 23 percent relative to the first half of 2019, according to court data from Epiq AACER.Economists Think Congress Should Keep Paying Unemployed Workers $600 A Week — Or Even More | Neil Paine (firstname.lastname@example.org) | July 21, 2020 | FiveThirtyEight
Doing a few things that would slow down any sort of bankruptcy proceedings for any particular companies is probably the right thing.What Does Covid-19 Mean for Cities (and Marriages)? (Ep. 410) | Stephen J. Dubner | March 26, 2020 | Freakonomics
Last year, Purdue filed for bankruptcy, but not before members of the Sackler family, the company’s owners, redirected more than $10 billion from the firm’s accounts into their own.The Opioid Tragedy, Part 1: “We’ve Addicted an Entire Generation” (Ep. 402) | Stephen J. Dubner | January 16, 2020 | Freakonomics
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 | THE DAILY BEAST
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? | Lloyd Green | December 15, 2014 | THE DAILY BEAST
So while mourning the closing of De Robertis, consider that we might someday mourn the bankruptcy of whatever chain replaces it.
“Half of the stuff is gone because my wife took it, you know,” Roger Williams said during a bankruptcy-related hearing.
This was a series that traded the glorification of moral bankruptcy for family values.
The financial burden of the war, as the full measure of it dawned upon our minds, seemed to betoken a universal bankruptcy.The Unsolved Riddle of Social Justice | Stephen Leacock
After one month, and within a year from the adjudication of bankruptcy, the bankrupt may apply for a discharge.
Another act of bankruptcy is to convey, transfer, conceal or remove property with the intention to defraud creditors.
The federal bankruptcy Act prescribes what property passes to the trustee and also what is exempt.
Every debt which may be recovered either at law or in equity may be proved in bankruptcy.
British Dictionary definitions for bankruptcy
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
Cultural definitions for bankruptcy
Legally declared insolvency, or inability to pay creditors.
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.