Bankruptcy - definition, pronunciation, transcription

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Amer.  |ˈbæŋkrʌptsɪ|  American pronunciation of the word bankruptcy
Brit.  |ˈbæŋkrʌptsɪ|  British pronunciation of the word bankruptcy

noun

- a state of complete lack of some abstract property
spiritual bankruptcy
moral bankruptcy
intellectual bankruptcy
- inability to discharge all your debts as they come due (syn: failure)
the company had to declare bankruptcy
- a legal process intended to insure equality among the creditors of a corporation declared to be insolvent

Extra examples

The company is facing bankruptcy.

The company was forced into bankruptcy.

The number of bankruptcies was especially high last year.

Critics view the decision as an example of moral bankruptcy on the part of the administration.

In 1999 it was revealed that he was close to bankruptcy.

When inflation rises, so do bankruptcies.

Section 1123 of the bankruptcy code.

There are plenty of warning signs that the company is in danger of bankruptcy.

Bankruptcy is an unlikely prospect for the company.

The Bankruptcy Code requires that debtor's counsel be disinterested and not have an interest adverse to the estate.

...faced with utter bankruptcy, she didn't think that moist skin was one of her clamant needs at that moment...

They declared bankruptcy and shuttered the store.

The factory had been driven into bankruptcy.

The present Act makes a fresh departure in bankruptcy legislation.

Word forms

noun
singular: bankruptcy
plural: bankruptcies
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