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bankruptcy

[bangk-ruhpt-see, -ruh

p-see]

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noun, plural -cies.

the state of being or becoming bankrupt.

utter ruin, failure, depletion, or the like.

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Origin:
1690–1700; bankrupt + -cy

Related forms

pre·bank·rupt·cy, noun, plural -cies.

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Link To bankruptcy

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Bankruptcy is always a great word to know.

So is ninnyhammer. Does it mean:

a fool or simpleton; ninny.

a children's mummer's parade, as on the Fourth of July, with prizes for the best costumes.

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Example Sentences

He neglects to mention that these biggest banks avoided bankruptcy due to taxpayer-funded bailouts.

Countries, unlike companies, cannot seek the protection of a bankruptcy court.

Long before the towers came tumbling down, the airline industry was on a power dive into bankruptcy.

EXPAND

He neglects to mention that these biggest banks avoided bankruptcy due to taxpayer-funded bailouts.

Countries, unlike companies, cannot seek the protection of a bankruptcy court.

Long before the towers came tumbling down, the airline industry was on a power dive into bankruptcy.

Capitalism is faced with the bankruptcy of its contradictions.

He blamed the company's bankruptcy on a combination of old-school record industry ways and new-school misplaced optimism.

Something needs to be done about the bankruptcy laws and student loans.

Bankruptcy being defined as default on its financial obligations.

One has already declared bankruptcy twice and the other had his hours cut and may be losing his house.

But the company's bankruptcy was seen as the end of the road for the robot.

There are nations near bankruptcy and nuclear weapons.

Terminations generaly result either from bankruptcy or severe financial distress.

They drove a company to bankruptcy on junk science, only to admit a decade or so later that they were wrong.

The bubble will burst--but the students will end up paying because of no bankruptcy protection.

The company could file for bankruptcy by the end of the month.

GM brought itself to the brink of bankruptcy all by itself.

Borders filed for bankruptcy protection, as it struggles to pay big publishers.

So the city chose bankruptcy in the hope that it might be able to restructure some of those pension promises.

Each state has different laws about whether and how municipalities may file for bankruptcy.

Japanese society rarely lets people bounce back from the perceived shame of failure or bankruptcy.

For that reason, the consequences of a national bankruptcy would be incalculable.

Is bankruptcy a magic wand that can save a home from.

The fossils are presently under the jurisdiction of a federal bankruptcy court.

If the bankruptcy process is prolonged, the company won't emerge from the proceedings.

It turned out badly--including bankruptcy and worse things.

It was triggered by a failed speculation that caused the bankruptcy of two brokerage firms.

After going through a bankruptcy that nearly killed it, the dinosaur is.

The idea of declaring bankruptcy may be unpleasant, but for many people right now it could be the best option.

After going through a bankruptcy that nearly killed it, the dinosaur is set to be reborn.

The new bankruptcy law requires credit counseling, and since agencies rely on funds from lenders, the advice could be biased.

Most states have homestead exemptions even if you declare bankruptcy.

The painful consequences of this instability are evident in higher bankruptcy rates and the rising numbers of home foreclosures.

Of course, the fear in that case is not bankruptcy but that central bank financing of future deficits will stoke inflation.

But his company filed for involuntary bankruptcy two weeks ago.

Financing is getting pricier and more elusive for companies that file for bankruptcy.

In the strict world of student loans, even bankruptcy is usually not sufficient reason for debts to be.

Banks that lost market power as a consequence also held less capital as a buffer against bankruptcy.

File for bankruptcy while still using your existing name so that all your debts will be forgiven before the name change.

The retail discounter of designer fashions turned to bankruptcy court after being hit hard by the economic downturn.

We see this in how companies see filing for bankruptcy as an option to delever themselves from expensive and promised benefits.

Arcandor made the bankruptcy filing after the government rejected its request for emergency state aid.

Your moral bankruptcy antedates your fraud perforce.

The city came perilously close to declaring bankruptcy when its pleas for a rescue by the federal government fell on deaf ears.

Far more personal information is available from data brokers, including aliases, bankruptcy records and tax liens.

Frontier, the latest budget carrier to seek bankruptcy protection, said it will maintain its operations.

The companies need retroactive immunity or they will face bankruptcy from the lawsuits, he added.

Bankruptcy protections, the ability to refinance at favorable.

Bankruptcy has been a feature of previous buy-out binges.

Millions of families facing bankruptcy or home foreclosure are important.

The bankruptcy field has gotten so busy that outsiders want a piece of the action.

COLLAPSE

Collins

World English Dictionary

bankruptcy (ˈbæŋkrʌptsɪ, -rəptsɪ)

—n , pl -cies
	the state, condition, or quality of being or becoming bankrupt

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
Cite This Source

Etymonline

Word Origin & History

bankruptcy

1700, from bankrupt, "probably on the analogy of insolvency, but with -t erroneously retained in spelling, instead of being merged in the suffix ...." [OED].

American Heritage

Cultural Dictionary

bankruptcy definition

Legally declared insolvency, or inability to pay creditors.

Note: If an individual or a corporation declares bankruptcy, a court will appoint an official to make an inventory of the individual's or corporation's assets and to establish a schedule by which creditors can be partially repaid what is owed them.

Note: An individual who is lacking a specific resource or quality is sometimes said to be bankrupt, as in intellectually bankrupt or morally bankrupt.

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Matching Quote

"There is a tendency in things to right themselves, and the war or revolution or bankruptcy that shatters rotten system, allows things to take a new and natural order."

-Ralph Waldo Emerson

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