bankruptcy Sentence Examples
- The company declared bankruptcy after insurmountable financial losses.
- Bankruptcy proceedings commenced to restructure the organization's debt.
- The individual filed for bankruptcy to discharge overwhelming personal obligations.
- The financial crisis triggered a wave of bankruptcies across multiple industries.
- Bankruptcy protection provided temporary relief from creditors' claims.
- The company's bankruptcy was a cautionary tale about the risks of excessive debt.
- The government implemented measures to prevent businesses from slipping into bankruptcy.
- Creditors lost substantial funds due to the company's bankruptcy.
- Bankruptcy attorneys assisted individuals and organizations navigate the legal complexities.
- The aftermath of bankruptcy can have long-term consequences on financial stability.
bankruptcy Meaning
bankruptcy (n)
a state of complete lack of some abstract property
inability to discharge all your debts as they come due
a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
bankruptcy (n.)
The state of being actually or legally bankrupt.
The act or process of becoming a bankrupt.
Complete loss; -- followed by of.
Synonyms & Antonyms of bankruptcy
Synonyms:
No strong syonyms found.
Antonyms:
No strong antonyms found.
FAQs About the word bankruptcy
a state of complete lack of some abstract property, inability to discharge all your debts as they come due, a legal process intended to insure equality among th
insolvency,ruin, failure,,Chapter 11
solvency,solvency,,
The company declared bankruptcy after insurmountable financial losses.
Bankruptcy proceedings commenced to restructure the organization's debt.
The individual filed for bankruptcy to discharge overwhelming personal obligations.
The financial crisis triggered a wave of bankruptcies across multiple industries.
