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bankruptcy
[bangk-ruhpt-see, -ruhp-see]
noun
plural
bankruptciesthe 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.
Other 51Թ Forms
- prebankruptcy noun
51Թ History and Origins
Origin of bankruptcy1
Example Sentences
Forever 21 is closing its doors downtown after filing for bankruptcy; American Apparel faced similar financial struggles, but its founder created a new label, Los Angeles Apparel, that has a factory store in the district.
And sorting details about taxes or what would happen in bankruptcy is complex.
The company’s bankruptcy has raised questions over privacy standards for genetic data, which experts say is uniquely sensitive, immutable and irreplaceable if stolen.
Happily, Freeman and Moss won a $148-million settlement from Giuliani, leading the former New York mayor to unsuccessfully sue for bankruptcy in an effort to dodge his obligation.
Green’s legal team had been providing court-ordered updates on the status of the property, always stating that Green was still in bankruptcy proceedings and therefore still had that automatic stay protecting his home.
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