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View synonyms for

bankruptcy

[ bangk-ruhpt-see, -ruhp-see ]

noun

plural bankruptcies.
  1. the state of being or becoming bankrupt.
  2. utter ruin, failure, depletion, or the like.


bankruptcy

/ ˈbæŋkrʌptsɪ; -rəptsɪ /

noun

  1. 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

bankruptcy

  1. Legally declared insolvency, or inability to pay creditors .
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Notes

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.
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Other Word Forms

  • ·԰۳ܱ· noun plural prebankruptcies
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Word History and Origins

Origin of bankruptcy1

First recorded in 1690–1700; bankrupt + -cy
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Compare Meanings

How does bankruptcy compare to similar and commonly confused words? Explore the most common comparisons:

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Example Sentences

Examples have not been reviewed.

Around 1997, when it was on the verge of bankruptcy as it struggled to compete with rivals, Apple found a lifeline in China.

From

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.

From

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.

From

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.

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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.

From

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bankruptbankruptcy order