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.
Gawker was forced to shut down under the weight of lawsuits, Vice Media filed for bankruptcy and is a shadow of itself, and BuzzFeed now warns it could go out of business entirely this year.
From MarketWatch
Investors have been spooked by a series of events, including the bankruptcies of subprime auto lender Tricolor and auto-parts supplier First Brands last September, even though their loans were primarily originated by banks.
More than two months later, Lehman Brothers filed for bankruptcy, he noted, sending shock waves through financial markets and triggering the financial crisis as oil collapsed to $40 a barrel.
From MarketWatch
Vici Properties, the real-estate investment trust that was spun off in Caesars’ bankruptcy proceedings in 2017 and counts Caesars as a major tenant, had been viewed as a potential roadblock to a deal.
He noted the number of farm bankruptcies was up, as were the amounts that farmers are borrowing.
From Barron's
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.
