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"the company had to declare bankruptcy"nouninability to discharge all your debts as they come due
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nouna legal process intended to insure equality among the creditors of a corporation declared to be insolventtype of:
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"spiritual bankruptcy" "moral bankruptcy" "intellectual bankruptcy"nouna state of complete lack of some abstract propertytype of:
Definition that contains bankruptcy
- break reduce to bankruptcy
- ruin reduce to bankruptcy
- smash reduce to bankruptcy
- bankrupt reduce to bankruptcy
- receiver-creditor relation the responsibility of receiver or trustee in bankruptcy to act in the best interests of the creditor
- fire sale a sale of assets at very low prices typically when the seller faces bankruptcy