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bankruptcy
[ bangk-ruhpt-see, -ruhp-see ]
noun
- the state of being or becoming bankrupt.
- utter ruin, failure, depletion, or the like.
bankruptcy
/ ˈbæŋkrʌptsɪ; -rəptsɪ /
noun
- the state, condition, or quality of being or becoming bankrupt
bankruptcy
- Legally declared insolvency, or inability to pay creditors .
Notes
Other Word Forms
- ·۳ܱ· noun plural prebankruptcies
Word History and Origins
Origin of bankruptcy1
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Example Sentences
Around 1997, when it was on the verge of bankruptcy as it struggled to compete with rivals, Apple found a lifeline in China.
From around 2006 to 2010, a series of major business downturns, including a bankruptcy filing and several key lawsuits, led Kinkade into a downward spiral of troubling public behavior and substance abuse.
Three congressmen from the House Committee on Energy and Commerce are raising concerns over data privacy weeks after the genetic testing company 23andMe filed for bankruptcy, putting millions of customers’ personal information up for sale.
In his job before Fulham, Johnson worked as a vice president for a Bay Area nonprofit housing developer, and in his five months there, he said, he helped save the firm from bankruptcy.
Chad Lawton points to the 2008 financial crisis, when the Big Three American automakers - Ford, General Motors and Chrysler - faced staggering losses, and GM and Chrysler received billions in US bailouts to avoid bankruptcy.
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