26984 words

bankruptcy

4 definitions • 8 examples
1
a situation in which a business or a person becomes bankrupt:

Examples:

The company was forced into bankruptcy.
The toll of bankruptcies was rising daily.
2
the fact of good qualities being completely absent:

Examples:

moral bankruptcy
3
the inability to pay your debts, or a particular example of this, involving the sale of your property or some other arrangement to pay as much as possible of the money you owe:

Examples:

[ U ] If sales don’t improve, we’ll have to declare bankruptcy within a year.
4
a situation in which a business or a person becomes unable to pay their debts, and is officially bankrupt:

Examples:

be on the brink/verge of bankruptcy The country's largest automaker is rumored to be on the brink of bankruptcy.
declare/file for bankruptcy Now he's $37,000 in debt and plans to file for bankruptcy.
The company was forced into bankruptcy.
The toll of bankruptcies was rising daily.

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