Definitions for bankruptcy
ˈbæŋk rʌpt si, -rəp sibank·rupt·cy
Here are all the possible meanings and translations of the word bankruptcy.
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.
Samuel Johnson's Dictionary
Etymology: from bankrupt.
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
Going forward, we’re seeing banks requiring borrowers to agree to new anti-hoarding provisions, which prevent borrowers from drawing down the full amount of availability under their loans and sitting on the cash, anti-hoarding provisions permit borrowers to draw what they need to use for operations but not to build a war chest for a company readying itself for bankruptcy.
We expect to see an increase in defaults and selective corporate failures, where purely domestic bankruptcies are concerned, the outcome will continue to be largely pre-arranged at the outset of a bankruptcy filing.
China has made the bankruptcy process very efficient for smaller companies. This is a very large, politically connected company that is going to court, it is a good sign that China is cleaning up the bigger, bad companies.
Our goal is to create immediate jobs in these provinces while helping companies avoid bankruptcy and supporting our environmental targets.
Even if they emerge from bankruptcy as a going concern, they have a pretty insurmountable retail problem, the desire to control the real estate was Eddie Lampert motivation through this long slide. If there's any reason Eddie Lampert is still involved in this, it's the value is in the real estate, with a footprint you can't easily replicate for a variety of reasons.
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Translations for bankruptcy
From our Multilingual Translation Dictionary
- фалит, банкрутBulgarian
- bankrot, úpadekCzech
- bankerot, konkurs, fallitDanish
- πτώχευση, χρεωκοπίαGreek
- vararikko, konkurssiFinnish
- banqueroute, failliteFrench
- briseadhScottish Gaelic
- פשיטת רגלHebrew
- 破産, 倒産, 破綻Japanese
- pēkeraputanga, pēkerapuMāori
- bankroet, surseance van betaling, failliet, falingDutch
- bancarrota, falênciaPortuguese
- сте̏ча̄ј, stȅčājSerbo-Croatian
- దివాళా తీయుTelugu
- دیوالیہ پنUrdu
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"bankruptcy." Definitions.net. STANDS4 LLC, 2022. Web. 6 Oct. 2022. <https://www.definitions.net/definition/bankruptcy>.