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bankruptcy

UK
/ˈbæŋ.krʌp.si/
US
/ˈbæŋ.krʌp.si/

Translations

bankruptcynoun
bankruptcies
pl
The company declared bankruptcy after failing to pay its debts.
Компания объявила о банкротстве после того, как не смогла выплатить свои долги.
Additional translations
несостоятельность
разорение
Synonyms
default
liquidation
failure
financial ruin
collapse
insolvency
bankruptcyadjective
UK
/ˈbæŋ.krʌp.si/
US
/ˈbæŋ.krʌp.si/
Used attributively before a noun (e.g., bankruptcy court) to indicate relation to bankruptcy proceedings

Definitions

bankruptcynoun
The legal status of a person or entity that cannot repay the debts it owes to creditors.
After years of financial struggle, the company finally declared bankruptcy.
A situation in which a person or organization is completely lacking in a particular quality or value.
The scandal revealed a moral bankruptcy within the organization.
bankruptcyadjective
Relating to or connected with bankruptcy proceedings or the legal process of bankruptcy.
The bankruptcy judge approved the reorganization plan.
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