bankruptcy B2 Topic:Law & Government US /ˈbæŋkˌɹʌp(t).si/ UK /ˈbæŋ.kɹʌp(t).si/ See IPA manual Freq #11645 Meanings 1 noun The legal state of being unable to pay your debts. The company ended up filing for bankruptcy. 2 noun The legal process for dealing with a person or business that cannot pay its debts. The court oversaw the airline's bankruptcy and divided its assets among creditors. 3 noun A complete lack of some quality. Critics accused the government of moral bankruptcy. Thesaurus Synonyms 1 noun · the legal state of being... failureinsolvency Word family Forms bankruptcies Derived forms nonbankruptcypostbankruptcyprebankruptcy Related forms brokebustdepressioninsolvencyinsolventreceivershiprecession Common collocations bankruptcy court Noun + noun Etymology AI details From bankrupt + -cy, replacing earlier bankruptship. Topics Law & Government External links Cambridge Dictionary Wiktionary Google Images # bankruptcy **Type:** Word **Level:** B2 **Part of speech:** noun **IPA (US):** /ˈbæŋkˌɹʌp(t).si/ **IPA (UK):** /ˈbæŋ.kɹʌp(t).si/ **Frequency rank:** 11645 ## Meanings 1. The legal state of being unable to pay your debts. 2. The legal process for dealing with a person or business that cannot pay its debts. 3. A complete lack of some quality. ## Examples - The company ended up filing for bankruptcy. - The court oversaw the airline's bankruptcy and divided its assets among creditors. - Critics accused the government of moral bankruptcy. ## Derived Forms - nonbankruptcy - postbankruptcy - prebankruptcy ## Related Forms - broke - bust - depression - insolvency - insolvent - receivership - recession ## Etymology From bankrupt + -cy, replacing earlier bankruptship. ## AI Etymology Bankruptcy comes from bankrupt + -cy, replacing earlier bankruptship. ## Topics - Law & Government markdown