pre-bankruptcy

bankruptcy

[bangk-ruhpt-see, -ruhp-see]
noun, plural bankruptcies.
1.
the state of being or becoming bankrupt.
2.
utter ruin, failure, depletion, or the like.

Origin:
1690–1700; bankrupt + -cy

prebankruptcy, noun, plural prebankruptcies.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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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
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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].
Online Etymology Dictionary, © 2010 Douglas Harper
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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.
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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