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
"the company had to declare bankruptcy"; "fraudulent loans led to the failure of many banks"
a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
A legally declared or recognized condition of insolvency of a person or organization.
the state of being actually or legally bankrupt
the act or process of becoming a bankrupt
complete loss; -- followed by of
Bankruptcy is a legal status of a person or other entity that cannot repay the debts it owes to creditors. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankruptcy is not the only legal status that an insolvent person or other entity may have, and the term bankruptcy is therefore not a synonym for insolvency. In some countries, including the United Kingdom, bankruptcy is limited to individuals, and other forms of insolvency proceedings are applied to companies. In the United States, bankruptcy is applied more broadly to formal insolvency proceedings.
U.S. National Library of Medicine
The state of legal insolvency with assets taken over by judicial process so that they may be distributed among creditors.
British National Corpus
Rank popularity for the word 'bankruptcy' in Nouns Frequency: #2864
The numerical value of bankruptcy in Chaldean Numerology is: 7
The numerical value of bankruptcy in Pythagorean Numerology is: 5
Examples of bankruptcy in a Sentence
Victims can never be compensated adequately for the suffering inflicted on them by NECC, but this case does demonstrate how the law, and particularly bankruptcy law, can be used to bring some justice to people seriously injured by a company's misconduct.
That's a critical component of their ability to remain viable and to exit bankruptcy, this is the time of year where people are building inventories ahead of the holiday season, so to have this deal in place with vendors is critical to allow them breathing room to get through the fourth quarter.
When I left the court, I really promised Steven Rhodes and my colleagues that I would not appear before them really ever, if they do want to pursue a bankruptcy, of course they are perfectly welcome to do that. They'll just find someone else to do it.
The exact same people who thought Kerry Perry and Mary Bono were good ideas hired Leung, with absolutely no input from survivors, namely the bankruptcy Creditors Committee who desperately wanted a voice in the search process, and so, true to form, USAG hired a consummate insider with ties to the USOC. The definition of insanity is doing the same thing over and over and expecting different results?. USAG is officially insane.
Absent a material improvement in oil and gas prices or a refinancing or some restructuring of our debt obligations or other improvement in liquidity, we may seek bankruptcy protection to continue our efforts to restructure our business and capital structure.
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Translations for bankruptcy
From our Multilingual Translation Dictionary
- банкрут, фалитBulgarian
- bankrot, úpadekCzech
- fallit, konkurs, bankerotDanish
- πτώχευση, χρεωκοπίαGreek
- konkurssi, vararikkoFinnish
- faillite, banquerouteFrench
- briseadhScottish Gaelic
- פשיטת רגלHebrew
- 破綻, 倒産, 破産Japanese
- pēkerapu, pēkeraputangaMāori
- surseance van betaling, failliet, faling, bankroetDutch
- bancarrota, falênciaPortuguese
- сте̏ча̄ј, stȅčājSerbo-Croatian
- దివాళా తీయుTelugu
- دیوالیہ پنUrdu
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