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.
“We’re not on the verge of bankruptcy by a long shot.”
From Los Angeles Times
Guterres had warned earlier that same month that the UN faced its most fragile financial position in years - again citing unpaid fees - having said in October that it faced a "race to bankruptcy".
From BBC
Once home to Bethlehem Steel, which filed for bankruptcy in 2001, the region has continued to expand its manufacturing base, helped by its proximity to ports in New York and New Jersey.
Tim became a columnist in 2023 after working for more than two decades as an award-winning reporter, covering everything from the bankruptcy of General Motors to the presidential campaigns of 2016.
When auto-parts supplier First Brands Group filed for bankruptcy last fall, creditors cried fraud.
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.
