bankruptcy

B2 Topic:Personal Finance

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... failure insolvency

Word family

Forms bankruptcies

Derived forms nonbankruptcypostbankruptcyprebankruptcy

Related forms broke bust depression insolvency insolvent receivership recession

Appears in

Phrases (1)

See all

bankruptcy court
a court that handles cases involving people or organizations unable to pay their debts

Noun + noun

Etymology

From bankrupt + -cy, replacing earlier bankruptship.

Topics

Personal Finance Abstract Ideas

External links

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