Definition: 1. A state of complete lack of some abstract property. 2. Inability to discharge all your debts as they come due. 3. A legal process intended to insure equality among the creditors of a corporation declared in bankruptcy.
Use 'bankruptcy' in a sentence:
1. Cuba is close to bankruptcy.
2. The other extreme is declaring bankruptcy.
3. The recession and hospital bills drove them into bankruptcy.
4. Most companies that have not been forced into bankruptcy have survived thanks to the high efficiency of the employees they retained, which helped the companies control costs.
5. It has filed for bankruptcy protection.
6. Bankruptcy is more complex.
7. Three friends had declared bankruptcy and weren't sure where or how they were going to live.
8. His firm is just on thin ice of bankruptcy.
9. General Motors entered bankruptcy protection.
10. His misfortunes culminated in his bankruptcy.
11. A recession like that of 1973 – 1974 could put one in ten American companies into bankruptcy.
12. After the war, The House of Hardie came near to bankruptcy.
13. The company filed for bankruptcy in 2003.
14. The British East India Tea Company was overextended and faced bankruptcy.
15. The alternative is national bankruptcy.
16. In 2001 she filed for bankruptcy.
17. Tailored Brands, which owns Men's Wearhouse, could be another retailer in the space mulling bankruptcy.
18. The company was overextended and faced bankruptcy.
19. They do liquidate in bankruptcy, yes.
20. It's a matter of record that there were ten bankruptcies in the town last year.
21. The hotel is teetering on the brink of bankruptcy.
22. Greece faces the threat of state bankruptcy.
23. After the war, the firm came near to bankruptcy.
24. As the auctioneer called out bids, in New York one of the oldest banks on Wall Street, Lehman Brothers, filed for bankruptcy.
25. The debt was discharged in bankruptcy.
26. Many established firms were facing bankruptcy.
27. Some of the factories are on the verge of bankruptcy.
28. The company was close to bankruptcy.
29. A recession like that of 1973-74 could put one in ten American companies into bankruptcy.
30. This long-drawn-out war brought their country's finance to the verge of bankruptcy.
31. You will have to pull in if you want to escape bankruptcy.
32. Bankruptcy isn't the only option.
33. Its debts are pushing it into bankruptcy.
34. As the auctioneer called out bids, in New York one of the oldest banks on Wall Street, Lehman Brothers, filed for bankruptcy, triggering the most severe financial crisis since the 1920s.
35. He created the bankruptcy.
36. The culture of bankruptcy is unique.
37. He is on the verge of bankruptcy.
38. The other qualification is bankruptcy costs.
39. The law stipulates modes for company merger, dismantlement, bankruptcy, dissolution and liquidation.
40. GM is not the only US car firm in bankruptcy protection right now.
41. The solicitor had originally met Stanley through serving a bankruptcy notice on him and had ended up as his attorney.
42. If one firm goes under it could provoke a cascade of bankruptcies.
43. It is the second airline in two months to file for bankruptcy.
44. Pan Am is the second airline in two months to file for bankruptcy.
45. The prospect of bankruptcy has now receded.
46. The corporation is fighting to survive its second brush with bankruptcy.
47. They were sliding towards bankruptcy.
48. The company is in bankruptcy proceedings in the wake of a strike that began last spring.
49. The number of corporate bankruptcies climbed in August.
50. Bankruptcy. A debtor may file for bankruptcy, which is called "voluntary bankruptcy".
51. The scheme's investors, fearful of bankruptcy, decided to abandon the project.
52. The threat of bankruptcy is a legitimate tool to extract money from them.
53. Bankruptcy is a real possibility if sales don't improve.
54. There could be further bankruptcies among small farmers.
55. The company is on the brink of bankruptcy.
56. Three of the hotels are in receivership, and others are teetering on the brink of bankruptcy.
